Waaree Energies board approves ₹3,900 crore capex
after close1 source ↓written by the desknot a recommendation
- capital expenditure
- ₹3,900 crore
- a capacity
- 2,500 tonnes per day
- equity stake
- ₹190 crore
Waaree Energies' board has approved a ₹3,900 crore capital expenditure for a glass manufacturing plant, aimed at a capacity of 2,500 tonnes per day. This investment will be funded through a mix of debt and internal accruals. Additionally, the board sanctioned the acquisition of a ₹190 crore equity stake in Waaree Transpower Pvt Ltd, enhancing its subsidiary's portfolio.
Not investment advice. For informational purposes only.