Waaree Energies Approves ₹8,175 Crore Expansion Across Lithium-Ion, Electrolyser, and Inverter Plants; Stock Rises 3.06%

Mumbai, 3 October 2025: Waaree Energies Ltd (NSE: WAAREEENER, BSE: 544277) shares surged 3.06% to ₹3,434.00 on Friday afternoon after the company’s board sanctioned a substantial capacity expansion plan worth ₹8,175 crore targeting its lithium-ion battery, electrolyser, and inverter divisions, reinforcing its position in India’s clean energy and advanced storage sectors.

Founded in 1990 and listed on NSE and BSE since October 2024, Waaree Energies is one of India’s leading renewable energy players. The company operates across solar modules, energy storage, clean hydrogen, and power solutions, leveraging domestic leadership and strategic international partnerships to expand its market footprint.

Waaree Energies’ Board Approves Massive ₹8,175 Crore Expansion to Elevate Lithium-Ion, Electrolyser, and Inverter Capacities

During a board meeting on 1 October 2025, Waaree Energies finalised a major capital expenditure plan across its subsidiaries:

• Lithium-Ion & Battery Energy Storage Systems (Waaree Energy Storage Solutions Pvt Ltd): Current capacity of 3.5 GWh to scale up to 20 GWh, requiring ~₹8,000 crore.
• Electrolyser (Waaree Clean Energy Solutions Pvt Ltd): Capacity to increase from 300 MW to 1,000 MW with ~₹125 crore investment.
• Inverters (Waaree Power Pvt Ltd): Expansion from 3 GW to 4 GW at ~₹50 crore.

The expansion underlines the company’s strategic focus on green hydrogen, advanced chemistry storage, and energy independence aligned with national renewable energy initiatives.

Stock Reaction Shows Immediate Positive Momentum With Intraday Peak at ₹3,469.00

Waaree Energies opened at ₹3,364.00, touched an intraday high of ₹3,469.00, and was trading at ₹3,434.00 as of 3:30 p.m. IST. Compared to the previous close of ₹3,332.00, the stock gained ₹102.00, reflecting strong market interest.

The stock’s market capitalisation stands at ₹98,880 crore, with a price-to-earnings ratio of 43.45. It maintains a 52-week high of ₹3,865.00 and a 52-week low of ₹1,863.00, demonstrating consistent growth in line with capacity expansion announcements.

Strategic Implications: Expansion Positions Waaree Energies at the Forefront of India’s Renewable Ecosystem

The company’s aggressive capacity build in lithium-ion batteries and electrolyser production strengthens its role in India’s renewable energy transition. By boosting its energy storage and clean hydrogen offerings, Waaree aligns with government objectives to achieve energy self-reliance and encourage advanced technology adoption.

The expansion also prepares Waaree Energies for anticipated growth in domestic and global clean energy demand, potentially enhancing operational scale and innovation capabilities.

Waaree Energies’ capital expansion of ₹8,175 crore signals strong growth potential in clean energy infrastructure, particularly in lithium-ion, electrolyser, and inverter capacities. The company’s strategic investments highlight its alignment with government energy initiatives and long-term positioning within India’s renewable energy ecosystem.

REF: https://nsearchives.nseindia.com/corporate/WAAREE_01102025204011_Intimation_signed.pdf

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