Rajasthan Royals Announce Waaree Energies as New Title Sponsor for IPL 2026: Stock Jumps Over 10% On Wednesday

Waaree Energies Limited, a prominent player in India’s renewable energy sector, has entered into a strategic partnership with the Rajasthan Royals. The company will serve as the Title Sponsor for the upcoming IPL 2026 season, with its branding featured on the front of the team’s official match and training kits.

The partnership aims to leverage the massive viewership of IPL 2026 to increase brand awareness for renewable energy solutions. By aligning with a high-profile sports franchise, Waaree Energies intends to transition its messaging from a purely industrial context to a broader consumer audience.

Hitesh Doshi, Chairman & Managing Director of Waaree Energies, stated that the association is a milestone in making clean energy a "people’s movement." He noted that the global following of the Rajasthan Royals provides an ideal platform to amplify the vision of a sustainable future as India advances its position in the global energy market.

Alok Chitre, COO of Rajasthan Royals, remarked that Waaree’s leadership in the global energy transition aligns with the franchise’s commitment to building a purpose-led brand that extends its influence beyond the cricket field. The Rajasthan Royals management also highlighted that the collaboration reflects their focus on innovation and social impact.

About the company:

Established in 1990, Waaree Energies Limited is a major Indian Solar PV module manufacturer with a total global capacity of 12 GW. The company operates five manufacturing plants across India and maintains a growing international footprint.

Waaree Energies Limited currently maintains a market capitalization of Rs 90,788 Crore, supported by a healthy ROE of 27.4 per cent  and a ROCE of 34.9 per cent. As of 02:40 pm, the stock is trading at a current price of Rs 3,195 per share, up by over 10 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.