India, Sept. 25 -- Waaree Energies has made a strategic move that deviates from traditional solar industry conventions. Its clean-energy subsidiary is stepping into a corner of India's manufacturing supply chain that has almost nothing to do with panels or cells, chasing a shortage that's been quietly holding back one of the country's most closely watched industrial pushes. There's no capex figure attached yet, no revenue target either, just a plant location and a clear sense of where the group thinks demand is heading next.

Shares of Waaree Energies Ltd are trading at Rs. 2,494.50, up 0.50 percent on Friday. The stock touched the intraday high of Rs. 2,516.00 after opening at Rs. 2,494.40 before slipping to a low of Rs. 2,470.00. The c...