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Waaree Energies’ arm incorporates subsidiaries to facilitate specific power projects

18 Dec 2025 Evaluate

Waaree Energies’ wholly-owned subsidiary -- Waaree Forever Energies has incorporated three wholly-owned subsidiaries viz; Aqua Ray Renewables, Vayu Shakti Renewables and Geo Nova Energy on December 17, 2025. These subsidiaries have been incorporated solely for the purpose of facilitating and holding specific power projects under the IPP framework.

Waaree Energies is primarily engaged in the business of manufacture of solar photo-voltaic modules, setting up of projects in solar space and sale of electricity.


Peers
Company Name CMP
Waaree Energies 2483.00
Apar Industries 17809.25
Havells India 1091.00
Suzlon Energy 40.74
Siemens 3852.65
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