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Waaree Energies Ltd (WEL) is enhancing vertical integration by expanding into solar cell manufacturing, aiming for 11.4 GW capacity by FY27E. This includes a 5.4 GW facility at Chikhli by FY25E and a fully integrated 6.0 GW plant in Odisha, reducing dependence on third-party suppliers and securing a captive supply of cells for module production.
UltraTech Cement has revealed plans to enter the cables & wires sector, backed by a capital expenditure of Rs 1800 crore. The company seeks to broaden its portfolio within the building construction value chain and capitalise on its existing distribution network.
We attended the Q3FY25 earnings call of PTC Industries (PTC). Installations and commissioning of key facilities are on track and expected to be completed within CY25.
We see PTC at an earnings inflection point on the back of 3Cs – Capabilities, Contracts and Capacity. One of the few companies in the world to develop single crystal technology
