Waaree Energies Ltd announces India's Largest 10 GW Integrated Ingot and Wafer Manufacturing Facility in Nagpur

Waaree Energies Limited, a leading global clean energy transition company, today marked a significant milestone in India's journey toward energy security and manufacturing self-reliance with the groundbreaking ceremony for its upcoming integrated solar ingot and wafer manufacturing facility at Butibori, Nagpur. The facility will house 10 GW capacity each for solar ingots and wafers, establishing it as India's largest integrated ingot and wafer manufacturing complex. The project represents a major step toward strengthening India's upstream solar manufacturing ecosystem and building a more resilient domestic supply chain for the country's rapidly expanding solar sector.

Spread across 300 acres and being developed with an investment of approximately ₹6,200 crore, the facility will focus on the production of high-purity solar ingots and wafers, which form the critical foundation of the solar photovoltaic value chain. By strengthening domestic capabilities in these upstream components, the project will significantly reduce India's reliance on imported materials, enhance supply chain stability, and support the nation's long-term goal of achieving energy security through self-reliant clean energy manufacturing. Once operational, the facility is expected to generate over 8,000 direct and indirect employment opportunities, contributing to regional economic development, skill creation, and industrial growth in Maharashtra.

The announcement was marked by a ceremonial event attended by senior government leaders and industry stakeholders, including Shri Devendra Fadnavis ji, Chief Minister of Maharashtra, who joined Waaree's leadership to mark the beginning of this landmark project.

Speaking on the occasion, Hitesh Doshi, Chairman and Managing Director, Waaree Energies Limited, said: "India's clean energy transition will be powered not only by renewable deployment but also by building strong domestic manufacturing capabilities across the solar value chain. The groundbreaking of our integrated ingot and wafer facility in Nagpur marks an important step in strengthening India's upstream solar manufacturing ecosystem.

By developing large-scale domestic capacity for these critical components, we aim to contribute to India's vision of Atmanirbhar Bharat, reduce import dependence, and enhance the resilience of the country's solar supply chain.

Nagpur's strategic location, strong industrial ecosystem, and connectivity across India make it an ideal destination for a project of this scale. We are grateful for the continued support from the Government of Maharashtra in enabling this important initiative.

Beyond manufacturing, the project will contribute to local employment, skill development, and industrial growth in the region. As India progresses toward the vision of Viksit Bharat 2047, building globally competitive clean energy manufacturing infrastructure will play a crucial role in establishing the country as a global hub for renewable energy technologies."

India continues to emerge as one of the world's fastest-growing renewable energy markets, supported by strong policy initiatives aimed at expanding domestic manufacturing capabilities and strengthening energy independence. This new ingot and wafer facility represents a significant step in reinforcing India's solar manufacturing base and supporting the nation's long-term clean energy ambitions.

Shares of Waaree Energies Limited was last trading in BSE at Rs. 2725.55 as compared to the previous close of Rs. 2739.50. The total number of shares traded during the day was 227825 in over 12982 trades.

The stock hit an intraday high of Rs. 2793.45 and intraday low of 2684.15. The net turnover during the day was Rs. 625843603.00.

Source : Equity Bulls

Keywords

WaareeEnergies INE377N01017 ElectricalEquipment Milestone