Shares of Waaree Energies Ltd ended at ₹2,483.00, down ₹27 or 1.08% on the BSE, as investors weighed the company’s announcement of a new specialty gases venture.
Waaree Clean Energy Solutions Ltd, the wholly‑owned subsidiary, will set up a specialty gases plant at GIDC Saykha, Dahej, Gujarat. The facility will produce ultra‑high‑purity gases—UHP oxygen, ammonia, silane, phosphine mixtures, and more—alongside a dedicated ammonia purification unit and a phosphine/hydrogen blending plant.
While the company has no quarterly revenue figures yet for this unit, analysts note that domestic supply of high‑purity gases could reduce import costs for fabs, potentially improving Waaree’s margin profile. The move dovetails with the Semicon India 2.0 programme, which is driving a surge in semiconductor and solar cell manufacturing demand.
India currently relies heavily on imports for specialty gases; by 2026 the government aims to boost domestic capacity by 30%. Waaree’s entry positions it to capture a share of this emerging market, competing with established players like Air Liquide and Air Products. The share dip reflects cautious optimism amid expectations of phased roll‑out and regulatory approvals.
CEO Anuj Sharma said the unit will serve fabs, OSAT, and ATMP units from day one, aligning with Waaree’s clean‑energy expertise. The company plans to roll out the plant in phases, and investors will likely look to FY27 earnings for evidence of revenue lift from the new business.