Waaree Energies' Subsidiary Secures Major Contract from Solar Energy Corporation of India

Waaree Energies Limited has announced that its subsidiary has received a Notification of Award from the Solar Energy Corporation of India (SECI) for setting up a new production facility. This significant contract underscores Waaree's growing prominence in India's renewable energy sector.The award is part of SECI's initiative to boost domestic solar manufacturing capacity, aligning with the government's "Make in India" push. While specific details about the production facility's capacity and investment were not immediately disclosed, industry experts anticipate it to be a substantial project given SECI's focus on large-scale solar initiatives.This development is expected to strengthen Waaree's manufacturing capabilities and market position in the rapidly expanding Indian solar industry.

Source: Based on company filings and industry reports