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Waaree Energies — Boosting Growth With Expansion, Backward Integration, Says DRChoksey
Waaree’s superior scale is expected to drive enhanced economies of scale, improved operational efficiencies, and a stronger competitive position in both domestic and export markets, adds DRChoksey
07 Mar 2025, 04:11 PM IST 
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Waaree Energies is enhancing vertical integration by expanding into solar cell manufacturing, aiming for 11.4 GW capacity by FY27E.
(Photo source: Unsplash)
Waaree Energies has cemented its position as India’s largest solar photovoltaic module manufacturer, with an installed capacity of 14.9 GW as of 9M FY25. India’s current solar module capacity stands at 70.0 GW, with WEL’s market share of 19.0%.
