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This is what will dictate Waaree’s future
The solar module maker must fix a key metric—its cell utilization—before embarking on a costly capacity surge that can strain its balance sheet.
24 February, 2026•11 min
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24 February, 2026•11 min
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Sajjan Jindal’s $23 billion expansion tests the limits of risk
The JSW Steel founder is embarking on an unprecedented expansion, betting on Japan’s JFE and Korea’s POSCO to share the load. But rivalries, debt and market risks could complicate the plan.
