Investment24 Sept 2025, 08:01 pm
Waaree Energies Invests Rs. 300 Crores in Wholly-Owned Subsidiary Waaree Energy Storage Solutions
AI Summary
Waaree Energies Ltd. has invested an amount of Rs. 300 crores in Waaree Energy Storage Solutions Private Limited (WESSPL), a wholly-owned subsidiary of the Company, through a rights issue. The investment is aimed at setting up a 3.5 GWh Lithium-ion Advanced Chemistry Storage Cell manufacturing plant. The turnover of WESSPL was Nil during the Financial Year ended 2025. This investment will not result in any change in the percentage of shareholding or control of WAAREE Energies Ltd in WESSPL, which will continue to remain a wholly owned subsidiary of the Company.
Key Highlights
- Waaree Energies invests Rs. 300 crores in its wholly-owned subsidiary Waaree Energy Storage Solutions
- Investment aimed at setting up a 3.5 GWh Lithium-ion Advanced Chemistry Storage Cell manufacturing plant
- Waaree Energy Storage Solutions had a nil turnover during the Financial Year ended 2025
- This investment will not result in any change in the percentage of shareholding or control of WAAREE Energies Ltd in WESSPL
- WESSPL will continue to remain a wholly owned subsidiary of the Company