Investment24 Sept 2025, 08:34 pm
Waaree Energies Invests Rs. 300 Crores in Wholly-Owned Subsidiary Waaree Energy Storage Solutions
AI Summary
Waaree Energies Ltd. has made an investment 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 Lithium-ion Advanced Storage Cell manufacturing plant. WESSPL was incorporated in February 2020 and has a renewable energy focus. The turnover of WESSPL for the last 3 years was Nil.
Key Highlights
- Waaree Energies invests Rs. 300 crores in its wholly-owned subsidiary, Waaree Energy Storage Solutions
- Investment aims at setting up a Lithium-ion Advanced Storage Cell manufacturing plant
- Waaree Energy Storage Solutions was incorporated in February 2020
- Waaree Energy Storage Solutions has a renewable energy focus
- The turnover of Waaree Energy Storage Solutions for the last 3 years was Nil