Waaree Energies Share Price in Focus After Securing ALMM List-II Approval for 5.25 GW Solar Cells

Waaree Energies share price has come in focus again. The company has received government approval for 5.25 GW of solar cells under the Ministry of New & Renewable Energy’s ALMM List-II. This includes TOPCon and PERC cells, marking a significant step for domestic solar manufacturing.

How Will This Help Waaree Energies? 

The approval strengthens India’s solar value chain, reduces dependence on imports, and provides developers and EPCs with a reliable supply of high-quality solar cells. Waaree already holds a position in ALMM List-I for modules, making it a fully integrated cell-to-module supplier.

What is Solar Module Manufacturing Capacity of Waaree Energies?

Waaree Energies operates with a total solar PV module capacity of 22.3 GW worldwide and a solar cell capacity of 5.4 GW. Founded in 1990 and headquartered in Mumbai, the company has operations across India and in over 25 countries.

Waaree Energies Share Price Movement 

The ALMM List-II approval highlights the company’s efforts to expand domestic solar manufacturing and secure supply chains for the renewable energy sector. Following the announcement, Waaree Energies share price had closed at ₹2,916.20 on the NSE, down ₹48.80 or 1.65%.

At 10:21 AM, Waaree Energies share price was down 0.72% and was trading at ₹2,898.10.

Read more: Savings vs BSBD Accounts: Which One Should You Use After RBI’s New Rules?

Conclusion

The approval positions Waaree as a key player in India’s solar industry, strengthening local manufacturing, reducing import dependence, and providing developers with stable supply, keeping the company and its shares in focus.

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