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Incorporated in December 1990, Waaree Energies Limited is an Indian manufacturer of solar PV modules with an aggregate installed capacity of 12 GW.
Waaree Energies' subsidiary faced a DRI search over Anti-Dumping Duty. The company has already paid Rs. 2.34 Cr in ADD and interest, resolving the matter. No further financial or operational impact is anticipated.
Waaree Energies' subsidiary formed WCES Two Private Limited to enter the green hydrogen business. This strategic move expands the company's presence into the high-potential clean energy sector.
Waaree Smart Meters, a subsidiary, acquired 24.21% of Eppeltone Engineers for ~Rs 21.78 Cr. This strategic move aims to integrate smart meters and strengthen Waaree's presence in the energy value chain. Eppeltone's last FY turnover was Rs 134.74 Cr.
Waaree Energies' subsidiary has launched WH Clean Mobility Systems, a new wholly-owned company. This step-down subsidiary will focus on clean fuel/battery mobility solutions, expanding the group's footprint in the hydrogen business.
WAAREE Energies' wholly-owned subsidiary has launched WH Clean Fuels Private Limited, a new wholly-owned company. This new entity will focus on Green Hydrogen and Green Ammonia projects, expanding the company's clean energy footprint.