Mumbai, 18 June 2024: Waaree Energies Limited, India’s largest manufacturer of solar PV modules with an aggregate installed capacity of 12 GW as of June 30, 2023 (Source: CRISIL Report), is pleased to announce that its Chairman and Managing Director, Mr. Hitesh Chimanlal Doshi, has been awarded the Global Solar Leaders Award (2024) for his outstanding contributions to solar industrial progress worldwide. This accolade was presented at the SNEC 17th International Photovoltaic Power Generation and Smart Energy Exhibition & Conference, held in Shanghai, China, from June 13-15, 2024.
We believe that this recognition underscores Waaree Energies Limited’s dedication to pushing boundaries in innovation, sustainability, and global impact. We believe that the recognition reaffirms the progressive governmental support that has fostered a thriving ecosystem for sustainable energy solutions.
Reflecting on this momentous recognition, Mr. Hitesh Chimanlal Doshi, Chairman and Managing Director, Waaree Energies Limited, remarked, “I am deeply humbled to have been bestowed with this recognition. It is always a good feeling when one’s efforts are recognized, as it motivates a person to keep walking the path no matter how demanding it might seem. Receiving this award is not just a personal accolade but also a tribute to Waaree Energies Limited’s pursuit of excellence and innovation. This honour is an acknowledgement to the collective efforts of the entire Waaree family and I believe that it is a testament to the Indian solar industry’s rising prominence on the global map. It inspires us to continue scaling new heights and shaping a sustainable future driven by renewable energy solutions.”
The Global Solar Leaders Award (2024) stands as a witness to Mr. Hitesh Chimanlal Doshi’s transformative leadership and commitment to driving energy transition and promoting solar energy in India. Today, with advanced manufacturing facilities and a global footprint, Waaree Energies Limited continues to aspire for innovation, sustainability, and economic growth.
About Waaree Energies Limited
Waaree Energies Limited (“WEL”) was founded in 1990. It is India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 (Source: CRISIL Report). WEL commenced operations in 2007 focusing on solar PV module manufacturing with an aim to provide quality, cost-effective sustainable energy solutions across markets, and aid in reducing carbon foot-print paving the way for sustainable energy thereby improving quality of life. WEL has four solar module manufacturing facilities in India, with international presence.
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Disclaimer:
Waaree Energies Limited (the “Company”) is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the websites of the Company at www.waaree.com, SEBI at www.sebi.gov.in, the book running lead managers Axis Capital Limited, IIFL Securities Limited, Jefferies India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, SBI Capital Markets Limited, Intensive Fiscal Services Private Limited and ITI Capital Limited, at www.axiscapital.co.in, www.iiflcap.com, www.jefferies.com, www.nomuraholdings.com/company/group/asia/india/index.html, www.sbicaps.com, www.intensivefiscal.com and www.iticapital.inrespectively, of the National Stock Exchange of India Limited at www.nseindia.com and of the BSE Limited at www.bseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus which may be filed with the Registrar of Companies, Maharashtra at Mumbai, in future including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with SEBI in making any investment decision.
This press release does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act), pursuant to Section 4(a)(2) of the U.S. Securities Act. There will be no offering of securities in the United States.
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Manasi Patni (Corp Comm) Mob: +919833926435 Email: manasipatni@waaree.com Adfactors PR Abhishek Dutta Mob: +91 7044342299 |
