Waaree Energies Secures Rs 3,900 Crore Capital Expenditure Approval for Glass Manufacturing Division
Waaree Energies Share Price to Remain in Focus After Key Board Approval
On March 24, the board of directors of Waaree Energies approved a significant capital expenditure plan and increased its stake in a subsidiary. The company will invest Rs 3,900 crore in a glass manufacturing plant with a capacity of 2,500 TPD in its wholly owned subsidiary Waaree Green Glass.
The capital expenditure will be funded through a combination of debt and internal accruals. Separately, the board approved the acquisition of an additional 11.06% equity stake in Waaree Transpower, increasing its stake from 64.04% to 75.10% of the paid-up equity share capital.
In the previous trading session, Waaree Energies shares closed at Rs 3,085.85, up 0.74% from the previous day. The stock has a market capitalization of Rs 88,761.67 crore. Notably, the share price has touched a 52-week high of Rs 3,864.40 and a 52-week low of Rs 1,808.65 on September 12, 2025, and April 7, 2025, respectively.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Investor Takeaway
Investors should be aware of the potential for Waaree Energies' shares to remain in focus due to the approved capital expenditure for its glass manufacturing plant.
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