In a defining moment for India's renewable energy sector, Waaree Energies Ltd., the nation's leading clean energy transition company, celebrated the grand inauguration of its advanced 5.4 GW solar cell gigafactory facility in Chikhli, Gujarat.
The ceremony was graced by Honourable Chief Minister of Gujarat, Shri Bhupendrabhai Patel; Shri Pralhad Joshi, Honourable Minister of New and Renewable Energy; Shri C. R. Patil, Minister of Jal Shakti; Senior Ministers from Gujarat including Shri Kanubhai Desai; Minister of Finance Energy & Petrochemicals, Shri Balvantsinh Rajput; Minster of Industries, Civil Aviation, Labor & Employment, Shri Harshbhai Sanghavi; Minister of State for Home, Sports & Youth, Shri Mukeshbhai Patel; Minister of State for Environment, Climate Change & Water Resources and Mr P. P. Chaudhary, Member of parliament and Chairperson - One Nation One Election.
Spread across 150 acres, with a built-up area of 101 acres, this facility stands as a testament to our commitment to a sustainable energy future for the nation.
Shri Pralhad Joshi, Honorable Minister of New and Renewable Energy stated, "The growth story of India's Renewable Energy took shape in Gujarat when Prime Minister Narendra Modi was the Chief Minister of the State. Today, it has become a role model for other states by setting benchmarks in renewable energy. The launch of one of largest solar cell facility embodies the spirit of Atmanirbhar Bharat and stands as a tribute to India's growing prowess in the global renewable energy landscape. Waaree's commitment to indigenous manufacturing aligns perfectly with our national vision of establishing India as a global manufacturing hub for clean energy technologies."
Hitesh Doshi, Chairman & Managing Director, Waaree Energies Ltd., stated, "Today, with the launch of our 5.4 GW solar cell gigafactory in Chikhli, Waaree is laying the foundational cornerstone of India's energy independence and technological renaissance. This is our national manifesto, etched in solar cells: a blueprint that will rewrite our economic trajectory, disrupt global technological paradigms, and elevate India from a passive consumer to the vanguard of the global clean energy revolution.
Our gigafactory is more than infrastructure- it is a sacred national covenant, a witness to India's unbreakable spirit of innovation, resilience, and unbridled potential. Every solar cell manufactured here carries the DNA of our nation's aspiration- a dream of technological supremacy, economic selfdetermination, and global leadership. We are not merely producing energy; we are generating a new narrative of national pride, where indigenous innovation becomes our most powerful export. This is Atmanirbhar Bharat in its truest form- not just self-reliance, but a bold declaration to the world that India will lead, innovate, and transform the global energy landscape."
The Chikhli facility, equipped with world-class high-efficiency solar cell technology, is a product of Waaree's relentless focus on research-driven innovation, precision engineering, and sustainability. Beyond production capabilities, the facility aligns with India's broader decarbonisation goals by ensuring a cleaner, greener, and more self-reliant energy future. Beyond technological excellence, the facility highlights Waaree's commitment to social responsibility, creating over 9500 direct jobs and around 30000 indirect employment opportunities, significantly contributing to local economic development. With a diverse and strong presence in the clean energy sector, Waaree continues to strengthen India's position in the global renewable energy market, playing a key role in achieving the nation's ambitious target of 500 GW of renewable energy by 2030.
Shares of Waaree Energies Limited was last trading in BSE at Rs. 2405.80 as compared to the previous close of Rs. 2434.60. The total number of shares traded during the day was 39954 in over 3061 trades.
The stock hit an intraday high of Rs. 2470.95 and intraday low of 2380.00. The net turnover during the day was Rs. 96955932.00. |
