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Waaree Energies' Board approves Rs 850 crore worth investment proposals

Manufacturing  -  Dec 24,2024  - 

Waaree Energies' Board has approved three investment proposals amounting to Rs 850 crore to set up electrolyser and storage cell manufacturing facilities.

It has also approved capital expenditure (capex) of Rs 130 crore in invertor business through its wholly-owned subsidiary, Waaree Power. 

Moreover, a capex of Rs 2,073 crore and an investment of Rs 650 crore for setting up a 3.5 GWh lithium-ion advanced chemistry storage cell manufacturing plant in its wholly-owned subsidiary Waaree Energy Storage Solutions has also been approved. 

The capex will be funded through debt and internal accruals.

Company : Waaree Energies' Board