Waaree Renewable Expands Data Centre Business in 2026

New data centre subsidiary takes shape

Waaree Renewable Technologies Limited, a subsidiary of Waaree Energies Limited, has expanded its presence in digital infrastructure through the incorporation of Aurovault Data Centers. The new entity has been formed to develop and operate data centre and related infrastructure businesses in India and overseas. The development comes alongside an internal restructuring involving Waaree Green Data Centers Private Limited. Together, the steps place the group’s data centre activities closer to its parent company, Waaree Energies. The disclosures were made under Regulation 30 of the Securities and Exchange Board of India’s Listing Obligations and Disclosure Requirements Regulations, 2015.

Aurovault was incorporated in September

Aurovault Data Centers was incorporated on September 14, 2026, according to Waaree Renewable Technologies’ regulatory filing. It was incorporated through Waaree Green Data Centers Private Limited, a wholly owned subsidiary of Waaree Renewable Technologies. Waaree Green Data Centers was previously known as Sunsantional Energy Private Limited. The filing said Waaree Green Data Centers would hold 100% of Aurovault’s share capital. The subscription to the memorandum of association was made through cash consideration. As a newly incorporated company, Aurovault had no turnover and had not commenced business operations on the filing date.

Scope includes AI-ready and hyperscale facilities

The stated business scope for Aurovault covers establishing, developing, financing, constructing, owning, leasing and operating data centres. Its planned facilities include hyperscale, AI-ready, edge and disaster recovery data centres. The company may also provide cloud infrastructure, colocation, data storage and cybersecurity services. Other listed areas include artificial intelligence infrastructure, GPU hosting and high-performance computing. These activities indicate that the entity’s mandate extends beyond conventional data centre real estate into supporting technology infrastructure. The company has not disclosed project locations, capital expenditure, customers or a timeline for the start of commercial operations.

Board approves transfer to Waaree Energies

Before Aurovault’s incorporation, Waaree Renewable Technologies’ board approved the transfer of its entire shareholding in Waaree Green Data Centers to Waaree Energies. The approval was granted at a board meeting held on August 27, 2026. Waaree Energies is the holding company and promoter of Waaree Renewable Technologies. Once completed, the transaction would move the ownership of Waaree Green Data Centers directly to Waaree Energies. Since Aurovault was formed through Waaree Green Data Centers, the restructuring is relevant to the ownership path of the group’s new data centre platform. The disclosures describe the exercise as an internal transfer within the Waaree group.

Transaction terms and scheduled completion

The sale agreement for Waaree Green Data Centers is to be entered into on or before October 31, 2026. The expected completion date is also October 31, 2026. The consideration for the transfer is ₹1,00,000, with shares to be sold at a face value of ₹10 each. Waaree Renewable Technologies stated that the buyer is its holding company, Waaree Energies. The company also classified the transfer as a related-party transaction because Waaree Energies is its promoter. It said the transaction is being undertaken on an arm’s length basis and in the ordinary course of business.

Key facts from the disclosures

Limited financial effect disclosed for FY26

Waaree Green Data Centers did not contribute materially to Waaree Renewable Technologies’ turnover, revenue, income or net worth during the financial year 2025-26. The company described its contribution as nil or negligible. This means the disclosed transaction does not involve a business that was a material contributor to the listed subsidiary’s reported financial performance for that year. The consideration is also modest relative to a typical operating-business acquisition or disposal. Based on the filing, the transfer is a group restructuring rather than a disposal of a significant revenue-generating asset. No separate valuation details were provided in the information supplied.

Data centre plans broaden group activity

Waaree Renewable Technologies is known within the Waaree group for renewable energy-related operations, while the new disclosures point to a separate digital infrastructure initiative. Management is also pursuing engineering, procurement and construction opportunities in the data centre sector and expanding its workforce for this segment, according to the provided information. The formation of Aurovault creates a legal vehicle with a broad mandate across facility development and technology services. However, the filings do not identify any signed data centre contracts, operational facilities or committed capacity. Investors and industry participants will therefore need to track future disclosures for project execution details.

Solar module order remains a separate development

Waaree Energies shares had also gained 2% after the company secured a 2 GW solar module supply order from a leading domestic solar developer. The order is for supply during FY27 and FY28. This solar module contract is separate from the group’s data centre restructuring and Aurovault’s incorporation. It nevertheless highlights that Waaree Energies continues to report developments across both its core solar operations and newer business initiatives. The supplied information does not disclose the value of the 2 GW module order or the identity of the customer.

What investors can monitor next

The immediate milestones identified in the filing are the execution of the Waaree Green Data Centers sale agreement and completion of the transfer by October 31, 2026. Following completion, Waaree Energies would directly own Waaree Green Data Centers, which holds Aurovault Data Centers. The next relevant updates would be any disclosure on Aurovault’s operational launch, project pipeline, financing, locations or customer arrangements. Waaree Renewable Technologies also approved its board report for FY2025-26 and the notice for its 27th annual general meeting scheduled for September 23, 2026. For now, the available disclosures establish the group structure and intended business scope, but do not provide operating or financial metrics for the new data centre venture.