Questions across 2 calls

Shashank Jha

SB Capital

Waaree Energies Limited

Waaree Energies Limited CC-Jan26.pdf · 2026-01-22

Sir, I have a question regarding the capacity. Like, I have e xpected data for all the module and cell makers of India. So, by FY29, total capacity will be around 180 gigawatt s for module and 140 gigawatts for cell annually. So, my question here is that do you have any numbers? What will be the expected requirement of module and cell by that time? That is by FY29 and FY30.

So, we can say that the overcapacity is just a myth that is flowing in the industry, right?

Netweb Technologies India Limited

Netweb Technologies India Limited CC-Jan26.pdf · 2026-01-19

Actually, most of the question has been answered. But I want to understand what exactly you do in AI system. Like if you get a India AI order. So, are you providing GPUs? Or you are doing model development? If you are providing GPUs, then why depreciation is not there?

Okay, so basically, you are a provider, service provider here, actually.