Waaree Energies plans ₹30,000 crore capex over two years
after close1 source ↓written by the desknot a recommendation
- in capital expenditure
- ₹30,000 crore
- is earmarked
- ₹11,000 crore
- will support battery
- ₹10,000 crore
- to enhancing
- 26 GW module capacity
- 5.4 GW cell capacity
Waaree Energies aims to invest ₹30,000 crore in capital expenditure over the next two years, focusing on backward integration into cell, ingot, wafer manufacturing, and battery energy storage systems. Of this, ₹11,000 crore is earmarked for 10 GW cell and ingot production, while ₹10,000 crore will support battery systems, with phases launching this year and next. This expansion underscores Waaree's commitment to enhancing its 26 GW module capacity and 5.4 GW cell capacity.
Not investment advice. For informational purposes only.