Waaree Clean Energy Solutions (WCES), a wholly owned subsidiary of Waaree Energies Limited, announced its entry into India’s specialty gases business on September 24, 2026. WCES aims to be a one-stop supplier to the country’s semiconductor and solar cell manufacturers. This move is part of India’s expansion in chip and electronics manufacturing under the Semicon India 2.0 programme. High-purity process gases and chemicals are still largely imported, and that supply has become a critical bottleneck. WCES is building a specialty gases plant at G IDC Saykha, Dahej, Gujarat, to close that gap with domestic supply across India.

Building India’s Specialty Gases Backbone

WCES is building the business in phases. The plan includes specialty gases warehousing, UHP Ammonia purification, Phosphine/Hydrogen (PH₃/H₂) mixing plant, UHP Oxygen, and UHP Hydrogen. WCES will also design custom gas and chemical supply systems and nitrogen plants. Its Total Gas & Chemical Management System will cover storage, delivery, safety monitoring, and inventory, so customers can focus on their core processes.

Strengthening India’s Manufacturing Self-Reliance

The new business builds on WCES’s clean energy manufacturing base, which includes its electrolyser stack facility. Government incentives are expanding semiconductor and solar cell capacity, and the gases business is designed to grow with it and give manufacturers a dependable alternative to imports.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Waaree Energies Limited

Waaree Energies Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Waaree drops 16.5% over three months and trades near its 52-week lows. The PEG of 0.20 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 57.8% and profits at 97.4% CAGR. Both numbers are exceptional. The stock sits at 8% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. The business compounds at 57.8% revenue and 97.4% profit CAGR, with D/E of 0.16. Yet the stock drops 16.5% in three months. The business does not deteriorate — the stock does. That gap is what long-term investors look for. Check Fundamentals of Waaree Energies Limited.

Ravindra Energy Limited (REL) has announced a merger with its associate company, Energy In Motion Limited (EIM). This strategic move aims to combine REL’s renewable energy capabilities with EIM’s electric mobility platform to create an integrated clean energy and electric mobility business.

Strategic Rationale

The merger will bring complementary businesses across the clean energy and electric mobility value chain under a single listed platform. The combined entity will offer customers an integrated solution spanning electric heavy commercial vehicles, battery-as-a-service solutions, charging and battery-swapping infrastructure, renewable energy supply, and related operating and maintenance services.

Operational Synergies

This merger will enable pooling and more efficient utilization of financial, operational, and human resources, greater economies of scale, and sharing of technical and managerial capabilities across the combined organization. It will also reduce the multiplicity of entities and associated administrative and compliance requirements, creating a more streamlined platform for pursuing future growth opportunities.

As part of the merger, the eligible shareholders of EIM, other than REL, will receive 209 equity shares of REL for every 100 equity shares held in EIM. The scheme is subject to receipt of the requisite statutory and regulatory approvals.

This merger marks an important milestone in REL’s growth journey, positioning it to address multiple requirements across the electric heavy commercial vehicle ecosystem.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Ravindra Energy Limited

Ravindra Energy Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Ravindra moves sideways over three months, with neither buyers nor sellers taking control. Revenue grows at 30.6% and profits at 66.2% CAGR. Both numbers are exceptional. The PEG of 0.84 signals undervaluation relative to growth. It is a potential re-rating candidate. The stock holds at 42% of its 52-week range with RSI at 42. In other words, neither side has a clear edge right now. Revenue grows at 30.6% and profits at 66.2% CAGR, with D/E of 0.00. Meanwhile, the stock dips 7.5% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Ravindra Energy Limited.

Solex Energy Limited (NSE: SOLEX) and BSE: 544862, specialised in the manufacturing of Solar Photovoltaic (PV) modules & providing EPC services, held its 12th Annual General Meeting, marking an important milestone in its growth journey and outlining the Company’s roadmap for the next phase of expansion. Solex reported a strong year in FY26 with revenue of ₹16,211 million, registering a 143.9% year on year growth. The Company is now advancing from its established solar module business towards a more integrated renewable energy platform spanning solar cells, modules and Battery Energy Storage Systems (BESS).

Expansion and Investment

To support this next phase, Solex has outlined an investment programme of approximately ₹4,000 crore between FY27 and FY30, representing the largest expansion programme in the Company’s history. The roadmap includes establishing 2.2 GW of solar cell capacity by FY28, scaling this to 5.2 GW by early FY29, and establishing the first 5 GWh phase of BESS capacity by FY29, followed by further expansion.

Revenue Targets

The Company is targeting revenue potential of more than ₹4,500 crore by FY28, while maintaining a disciplined approach towards capital deployment, execution and technology investments. The expansion is intended to create a more integrated and resilient business model, with greater control across the value chain and the ability to serve evolving customer requirements.

As international customers increasingly seek diversified and dependable renewable energy supply chains, Solex sees an opportunity to leverage India’s manufacturing capabilities and growing role in the global energy transition. The 12th AGM thus marked not only a review of the Company’s performance during FY26, but also the beginning of its next chapter of growth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Solex Energy Limited

Solex Energy Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.

Solex drops 37.7% over three months and trades near its 52-week lows. The PEG of 0.04 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. RSI stands at 30, well into oversold territory. Yet sellers still dominated on 24 of recent sessions versus 6 for buyers, so the pressure has not fully lifted. Revenue grows at 115.5% and profits at 228.4% CAGR, with D/E of 0.00. Meanwhile, the stock dips 37.7% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Solex Energy Limited.