Waaree Energies Approves $37 Million Arizona Revamp, Relocates 2.11 GW Machinery

Board approved consolidation of the 1.0GW Tumb and 1.11GW Nandigram facilities into Chikhli, Gujarat, by December 31, 2026, and US$37 million capex by Waaree Solar Americas to revamp Arizona lines, raising capacity from 1GW to 1.6GW and aggregate US capacity to 4.8GW. The actions advance US manufacturing expansion and improve domestic manufacturing efficiency, supporting the company's vertically integrated solar platform and export strategy. Arizona capex will be funded through debt and internal accruals; the filing does not disclose the funding split, project completion schedule, or expected returns. Facility consolidation may affect operations during relocation.