Waaree Energies plans ₹30,000 crore capex over two years
pre-market1 source ↓written by the desknot a recommendation
- in the next
- ₹30,000 crore
- for 10 GW
- ₹11,000 crore
- for battery systems
- ₹10,000 crore
Waaree Energies aims to spend ₹30,000 crore in the next two years, focusing on backward integration into cell, ingot, and wafer manufacturing, along with battery energy storage systems and solar glass. The company plans to allocate ₹11,000 crore for 10 GW cell and ingot production and ₹10,000 crore for battery systems, with the first phase launching this year. ⚡
This significant investment highlights Waaree's commitment to expanding its renewable energy capabilities, potentially boosting market sentiment in the solar sector.
Not investment advice. For informational purposes only.