Waaree Energies Inaugurates India's Largest Solar Cell Gigafactory

• Waaree Energies has inaugurated a 5.4 GW solar cell gigafactory in Chikhli, Gujarat, marking a significant milestone in India's renewable energy sector.
• The facility spans 150 acres and features world-class high-efficiency solar cell technology, aligning with India's decarbonisation goals.
• The gigafactory is expected to generate over 9,500 direct jobs and approximately 30,000 indirect employment opportunities, boosting local economic development.
• Waaree Energies reported a 295% YoY rise in Q3 profit to Rs 492.68 crore, with revenue climbing 116% YoY to Rs 3,457.28 crore.
• The company continues to reinforce India's leadership in the global renewable energy landscape, aiming for 500 GW of renewable energy capacity by 2030.

Source: The Economic Times, Business News India