Solar
Waaree Energies Limited (waareeener) Expands with Waaree Clean Energy Solutions Entering India’s Specialty Gases Market
Waaree Clean Energy Solutions, a subsidiary of Waaree Energies Limited, enters India’s specialty gases market to support semiconductor and solar manufacturing.
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.
SAATVIKGL
Saatvik Green Energy Limited (saatvikgl) Q2 FY27: 77% Sequential Revenue Growth
Saatvik Green Energy Limited (SAATVIKGL) reports a 77% sequential revenue growth in Q2 FY27, highlighting strong financial performance.
Saatvik Green Energy Limited (NSE: SAATVIKGL) announced its unaudited financial results for the quarter and half year ended September 30, 2026, reporting a remarkable 77% sequential revenue growth in Q2 FY27. The company reported revenue of ₹ 9,026 Mn and PAT of ₹ 202 Mn. The confirmed order book stood at 6.68 GW as of September 2026. Saatvik Green Energy Limited has continued to advance its integrated clean energy manufacturing strategy, including the commencement of commercial production at its Odisha facility.
Operational Highlights
The company’s module production stood at 658 MW and sales at 640 MW during Q2 FY27, compared to production of 792 MW and sales of 538 MW in Q2 FY26. Saatvik Green Energy Limited has secured a ₹1,041.63 crore order from Solar Energy Corporation of India Limited (SECI) for 600 MWp of solar modules manufactured using domestic solar cells. The company has also secured orders of ₹476 crore from Vikran Engineering Limited for solar PV modules and ₹297.5 crore from Independent Power Producers/EPC players for solar PV modules.
Strategic Updates
The Odisha manufacturing facility has completed major construction and infrastructure works for Phase I, comprising 4 GW of module and 2.4 GW of cell manufacturing capacity. Saatvik Solar Industries Private Limited, a wholly owned material subsidiary, commenced commercial production of solar PV modules at the facility, with approximately 1.3 GW of Phase I module capacity operational and the full 4 GW expected by December 2026. The company has also signed an MoU with IPICOL, Government of Odisha, for a further 3.6 GW solar cell facility at Gopalpur, targeted for completion by the start of FY28.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Saatvik Green Energy Limited
Saatvik Green Energy Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.
Saatvik falls 14.9% over three months and has not found a floor yet. The PEG of 0.09 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 5.9% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock holds at 31% of its 52-week range with RSI at 41. In other words, neither side has a clear edge right now. Revenue grows at 95.5% and profits at 322.3% CAGR, with D/E of 0.00. Meanwhile, the stock dips 14.9% 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 Saatvik Green Energy Limited.
PREMIERENE
Premier Energies Limited (NSE: Premierene) Reports Strong Q2 FY27 Results, Reinforces Leadership as India’s Largest Integrated Solar Manufacturer
Premier Energies Limited (NSE: PREMIERENE) announced strong Q2 FY27 results with revenue up 38.2% YOY, reinforcing its leadership in India’s solar sector.
Premier Energies Limited (NSE: PREMIERENE), India’s largest integrated solar manufacturer, has announced its financial results for the quarter ended September 30, 2026. The company reported total revenue of INR 26,560 million, registering a growth of 38.2% YOY. Quarterly EBITDA stood at INR 7,600 million, growing 17.8% YOY, with a margin of 28.6%. Profit After Tax (PAT) reached INR 4,624 million, growing 30.8% YOY and translating into a margin of 17.4%.
Record Production and Capacity Utilization
During the quarter, the company produced 916 MW solar cells achieving a record 99% capacity utilization, 1,199 MW solar modules and 761 MPA transformers. These record revenue and production numbers reflect strong operational performance driven by growing scale and demand for high-efficiency products.
Milestone Facility Commissioning
With the commissioning of its 7 GW N-type TOPCon solar cell facility at Naidupeta, Andhra Pradesh in September, the company has become the largest integrated manufacturer with total cell capacity of 10.6 GW and module capacity of 11.1 GW.
Commenting on the results, Mr. Chiranjiv Saluja, Managing Director, Premier Energies Limited, said: ‘Our steady performance in Q2 FY27 reflects disciplined execution and operational excellence. The recent commissioning of our solar cell and module facilities marks an important milestone in our growth journey and makes us well positioned to capitalize on the growing demand for high-efficiency solar products. As these facilities ramp up operations, they should help us in further enhancing production volumes, cutting down costs and strengthening our technological capabilities.’
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Premier Energies Limited
Premier Energies Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.
Premier falls 17.1% over three months and has not found a floor yet. Revenue consistency is the one bright spot — zero dips in five years shows operational resilience. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock gains 0.2% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 76.2% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Premier Energies Limited.
Solar
Vikram Solar Secures Major 289.87 Mwp Order for Grid-scale Solar in Rajasthan
Vikram Solar Limited (VIKRAMSOLR) secures a major 289.87 MWp order for grid-scale solar in Rajasthan from NLC India Limited.
Kolkata, India, 27th October 2026: Vikram Solar Limited (NSE: VIKRAMSOLR), a leading Indian solar PV module manufacturer, has secured a significant order to supply 289.87 MWp of N-TOPCon modules to NLC India Limited (NLCIL), on behalf of NLC India Renewables Limited (NIRL) for an 810 MW solar power project at the RUVN Solar Park in Pugal, Bikaner, Rajasthan. Built on N-type TOPCon cell technology, the modules are designed to deliver higher energy yield and stable output in high-irradiance, high-temperature conditions such as those of western Rajasthan.
Project Significance
Spread across the Thar region, the RUVN Solar Park is central to Rajasthan’s effort to harness its vast solar resource, as the state continues to lead India’s utility-scale solar build-out. This role in a project of this magnitude reinforces Vikram Solar’s standing as a trusted domestic supplier for grid-scale installations, where consistent quality, bankability, and timely delivery are critical.
Market Impact
The order further adds to the company’s order book as demand for high-efficiency, domestically manufactured modules continues to rise under India’s drive for self-reliance in solar manufacturing. Mr. Sameer Nagpal, Chief Executive Officer, Vikram Solar, said, “As India builds clean energy capacity at gigawatt scale, the industry is placing greater value on technology and supply partners it can rely on over the long term. Being entrusted with nearly 290 MWp of modules for this landmark project is a strong endorsement of our N-TOPCon technology and our ability to deliver at utility scale. As we deepen our integrated manufacturing capabilities, our priority is to give customers the performance certainty and supply reliability that projects of this size demand.”
About Vikram Solar Limited: Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India. Vikram Solar is a 9th time ‘Top Performer’ in PVEL’s PV Module Reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF for 10 consecutive quarters.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Vikram Solar Limited
Vikram Solar Limited belongs to the Technology › Solar sector. Here’s a quick read on where the business and the stock stand today.
Vikram drops 25.1% over three months and trades near its 52-week lows. The PEG of 0.07 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Thin margins at 6.8% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock sits at 2% 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 32.3% revenue and 219.0% profit CAGR, with D/E of 0.22. Yet the stock drops 25.1% in three months. The business does not deteriorate — the stock does. That gap is what long-term investors look for. Check Fundamentals of Vikram Solar Limited.
-
Auto Parts2 days agoPpap Automotive Limited (NSE: PPAP) Achieves Record Quarterly and Half-yearly Revenues with Strong EV Traction
-
Basic Materials2 days agoSurya Roshni Limited (suryarosni) Q2 & H1 FY27 Results: Revenue Surges 33% Yoy
-
Industrials3 days agoKirloskar Oil Engines Limited (kirloseng) Secures Investment from TPG to Accelerate Arka Fincap’s Growth
-
AHLUCONT2 days agoAhluwalia Contracts (india) Limited Q3 FY27: Anticipated Financial Results Announcement on November 14, 2026
-
COHANCE2 days agoCohance Lifesciences Limited Investor Presentation Q2 FY27: Sequential Recovery Gaining Traction
-
Consumer Cyclical2 days agoGoldiam International Limited Q2fy27: PAT Jumps 58% Yoy to ₹494 Mn
-
Auto Parts2 days agoRemsons Industries Limited Q2fy27: Revenue Up 17%, New Leadership Appointments
-
Industrials2 days agoSejal Glass Limited Proposes ₹40.80 Cr Acquisition of Architectural and Automotive Glass Business
