Waaree Energies Greenlights Rs 81.75 Bn Capex for Battery Expansion

06 Oct 2025 CW Team

Waaree Energies has received board approval for a Rs 81.75 billion capital expenditure plan to expand its manufacturing capacities for lithium-ion batteries, electrolysers, and inverters, marking a major step in its clean energy growth strategy. The move reinforces the company’s commitment to support India’s energy transition and the increasing demand for energy storage and power conversion systems.

As part of the plan, Waaree will scale up its lithium-ion battery plant capacity from the current 3.5 GWh to 20 GWh, representing a five- to sixfold increase. This expansion is expected to strengthen the company’s position in the fast-evolving battery storage market. Additionally, Waaree has allocated Rs 3 billion for its subsidiary focusing on lithium-ion cell manufacturing, aligning with its goal of deeper vertical integration.

The approved capex also includes expansion of inverter and electrolyser manufacturing capacities, both crucial components in renewable energy and green hydrogen ecosystems. Inverters convert solar-generated DC electricity into AC for grid use, while electrolysers enable hydrogen production for clean fuel applications.

Industry analysts view the move as a bold and strategic step by Waaree to establish itself as a comprehensive clean energy solutions provider, at a time when competition in battery storage and green power equipment is intensifying globally.

Although detailed timelines and funding structures are yet to be announced, the scale of investment reflects the company’s strong confidence in India’s renewable energy and electrification growth trajectory. The expansion is also expected to create positive ripple effects across battery materials, power electronics, and clean energy supply chains, bolstering India’s domestic manufacturing capabilities.

News source: BusinessWorld

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..