The 1.10 GW solar inverter line at Sarodhi, Valsad, Gujarat, went live at 11:00 a.m. on Wednesday, boosting the company’s total inverter capacity from 3.05 GW to 4.15 GW—an increase of roughly 36%.
This expansion places Waaree Energies among the top three inverter manufacturers in India, with its aggregate output now surpassing the national average of 3.8 GW for the sector. The move is expected to enhance order fulfilment rates, especially as the state‑driven solar push intensifies.
On the trading floor, shares of Waaree Energies Ltd closed at ₹2,370—a drop of ₹25, or 1.04%, marking the third straight decline in a week. The dip reflects investor caution over the capital intensity of the new line and the short‑term impact on cash flow.
Parallel to the inverter push, the company’s wholly owned subsidiary, Waaree Clean Energy Solutions Ltd, announced entry into the specialty gases market, aiming to supply ultra‑high‑purity gases for semiconductor and solar cell manufacturing. This diversification could offset capital outlays but remains unquantified in current filings.
Analysts now focus on the upcoming earnings release, which will reveal whether the capacity hike translates into higher revenue or if the initial spend will erode margins. The market will also monitor the company’s guidance for the next quarter before recalibrating expectations.