Waaree Energies Share Price in Focus; Approves $37 Million Investment in Arizona Facility

Waaree Energies Ltd has approved a $37 million investment to upgrade its module manufacturing facility in Arizona, US, as per an exchange filing dated August 29, 2026.  

The board has also cleared the consolidation of two manufacturing facilities in Gujarat, along with changes to the company’s board and committee structure.  

Arizona Facility to Get New Production Lines 

The investment will be made through Waaree Solar Americas Inc., a wholly-owned subsidiary of Waaree Energies. The Arizona facility will undergo a revamp, with existing module manufacturing lines set to be replaced by new high-efficiency lines. 

The upgrade is to increase the plant’s manufacturing capacity from 1 GW to 1.6 GW. After the work is completed, Waaree’s total manufacturing capacity in the US will reach 4.8 GW, including 3.2 GW in Texas and 1.6 GW in Arizona.  

The project will be funded through debt and internal accruals.  

Gujarat Facilities to Be Consolidated 

Separately, the company will shift plant and machinery from its Tumb and Nandigram facilities to its existing manufacturing unit at Chikhli, Gujarat. The Tumb facility has a capacity of 1 GW, while the Nandigram unit has a capacity of 1.11 GW. 

The company said the consolidation is aimed at operational efficiency. These facilities contributed around 14% of Waaree Energies’ standalone turnover in the previous financial year. The closure process is expected to be completed by December 31, 2026.  

Board Changes and AGM Dates 

The board approved the appointment of Mona Bhide as an Additional Non-Executive Independent Director for a five-year term beginning August 30, subject to shareholder approval. Richa Goyal will step down after completing her first five-year term as an Independent Director.  

The company will hold its 36th AGM on September 24, 2026, through video conferencing. September 11 has been fixed as the record date for shareholders eligible for the final dividend for FY26, subject to approval at the AGM. 

Read More: NTPC Plans 30 GW Nuclear Capacity by 2030, Studies 34 Sites Across 13 States! 

Waaree Energies Share Price Performance 

As of August 28, 2026, 3:30 pm, Waaree Energies Ltd share price closed at ₹2,640.20, up 0.62% from the previous closing price. 

Conclusion  

The board decisions cover manufacturing operations in India and the US, as well as changes to the company’s board and upcoming shareholder meeting. 

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