India's Secret Weapon to counter China’s Solar Dominance? : Waaree Energies | Business Case study

VIDEO INTRODUCTION:
Hi everybody,
The Modi 3.0 govt has made a bold promise for India and that is a commitment to become the 3rd largest economy in the 3rd term of Narendra Modi!! And while most people are extremely excited about it, there is one big big problem for India!! And because of this problem, inflation in India is increasing, we are being bullied by America and Europe and most importantly, our companies are not able to compete in the global market!! And this problem is the Oil dependency problem!!!
And the most straightforward solution to it is obviously renewable energy, which is why the Modi govt tried several policies to boost the Indian solar industry!!
But you know what?? As much as I would love to believe that India could become a superpower, the bad news is that China is dumping in India!!! And as I have consistently stated, India is dangerously dependent on China for Solar materials!!
You don't believe me if you look at this chart, Solar panel production has 43 stages, Polysilicon, Ingot Wafer, Solar Cells, Solar Modules polysilicon, solar cells and solar modules, and China single handedly has an 80% market share in all stages of solar panel production!!!
And China has done such an incredible job that, In January, a research unit of the European Commission calculated that Chinese companies could make solar panels for 16 to 18.9 cents per watt of generating capacity, whereas European companies cost 24.3 to 30 cents per watt, and U.S. companies about 28 cents!! So a Chinese module is 50% cheaper than Europe and 65% cheaper than US!! This is why not just India but even the US and Europe are dependent on China!!
But you know what guys?? There is one big piece of good news here!!
While going through my research I found that there is one Indian company that is finding ways to break this monopoly of China!! And, soon this company is planning for the biggest IPO in the entire renewable energy industry!! And if successful this company could be our brahmastra to Challenge the Chinese dependency!! Why? Because if you look at this graph, while Adani solar has a capacity of 4GW, Vikram solar stands at 3.5 W whereas this company alone stands at 13.35gw!! So it has 3 times the capacity as that of Adani’s solar!! Similarly, in FY23 while revenue growth of Adani’s Mundra was -12%, Vikram Solar was -7%, Websol energy solutions was -92%, and for Tata power it was -19%, whereas for this company it stood a positive revenue growth of 136%!! And a 538% growth in its net profit
This company is not an Adani or reliance or Tata company but a Unique sounding company called Waaree Energies!!!
So the question is?
When the entire world is dependent on China, how is this Indian company trying to beat china?
How are they so far far ahead of the Tatas and Adinis of India?
What is their business strategy that makes them India’s brahmastra to the Chinese domination and most importantly, what are the business lessons that we need to learn from the incredible rise of Waaree energies?

#thinkschool #businesscasestudy #geopolitics #solar #india

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