Waaree Energies Limited CC-Oct25.pdf · 2025-10-17
Yes, just maybe one follow -up on the INR 162 crores. So, if I take 7 cents and you take a effective conversion rate, this translates to roughly 300 megawatts. So, is that like the first nine- month production that we sort of booked this quarter? And just the thought process, if I look at First Solar, they booked a discounted amount. So, essentially, if it is 100% tax credit based on whatever transferred, 90 %-95% is booked as other income in their numbers. So, should I take these INR 162 crores as that discounted value that you will sort of get when you sort of transfer the tax credit? Is that understanding, correct?
Sure. And maybe just on your inverter expansion, given that the minister himself has announced an ALMM policy for inverters, how does this policy sort of work through ? I n terms of integration, what are we doing? Are we doing first level of , assembly level integration or will we get into manufacturing of inverter components? And secondly, just on your views on the ALMM for Ingot-wafer, the timelines of June or FY28, essentially the calendar year ‘28, what do we think in terms of how should we sort of be there? Would we be one of the key player to sort of that for 15 gigawatts? Maybe just thoughts on these two areas specifically.