Waaree Energies' subsidiary enters joint venture to manufacture semiconductors
Waaree Energies · Electrical Equipment
Key highlights
- Waaree Power Pvt Ltd and Waaree Semicon Pvt Ltd formed a JV with SmartenGrand Ltd on August 13, 2026
- JV to manufacture and supply semiconductor products and set up a fabrication unit in Gujarat, India
- Shareholding split: WPPL 86.83%, SGL 13.17%; Waaree Semicon yet to commence business operations
Why it's rated notable: The filing states no amount, the Joint Venture Agreement is executed with closing conditions pending, and the subsidiary WPPL takes an 86.83% stake in a company yet to commence operations, so the level is set at medium.
Original filing
Announcement Under Regulation 30-Joint Venture Agreement
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.