Waaree Energies Greenlights Rs 81.75 Bn Capex for Battery Expansion
POWER & RENEWABLE ENERGY

Waaree Energies Greenlights Rs 81.75 Bn Capex for Battery Expansion

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

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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code