Waaree Energies' Subsidiary Secures ₹1,003 Cr Boost for Massive 20 GWh Battery Plant

Waaree Energies Ltd announced a key regulatory disclosure today, revealing its subsidiary WESSPL's successful fundraise of ₹1,003 crores. The capital infusion from family offices, HNIs, and institutions forms part of a ₹10,000 crore capex plan for a state-of-the-art 20 GWh plant in India. This facility targets high-performance cells and packs for utility storage, EVs, and distributed energy, aligning with national goals for energy security and renewables integration. The development positions Waaree Group as an end-to-end player in solar, inverters, batteries, and storage solutions.

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Key Highlights

Sources: Waaree Energies Ltd BSE/NSE Filing