Waaree Energies Approves INR 3,900 Crore Glass Plant Capex, Raises Stake in Waaree Transpower
Waaree Energies will invest the amount through its wholly owned unit, Waaree Green Glass, to develop a facility with a capacity of 2,500 tonnes per day.
March 25, 2026. By Abha Rustagi
The company will invest the amount through its wholly owned unit, Waaree Green Glass, to develop a facility with a capacity of 2,500 tonnes per day, it said in an exchange filing. The investment will be funded through a mix of debt and internal accruals.
Separately, Waaree Energies said it will raise its shareholding in Waaree Transpower to 75.10 percent from 64.04 percent by acquiring additional equity shares for about INR 190 Crore.
The acquisition, expected to be completed by June 2026, will support capacity expansion and meet capital expenditure requirements of the transformer business, the company said.
Waaree Transpower, incorporated in 1978, manufactures and supplies transformer solutions for a range of applications, including renewable energy. It has a production capacity of 4,000 MVA.
The company said the transaction qualifies as a related-party deal and is being conducted at arm’s length.
please contact: contact@energetica-india.net.
Rutvi Sheth
Director
Grid Modernisation, Storage, and Hydrogen to Shape India’s Energy Future: Advait's Rutvi Sheth
Hartek Singh
CMD
Energy Security Has Evolved into a Strategic Imperative for India: Hartek Singh
Ratul Puri
Chairman
Geopolitics Reshaping Solar Strategy, Says Hindustan Power's Chairman Ratul Puri
Bhavesh Patidar
Founder and Director
Solar Shifts Farming from Constraint to Opportunity, Says Solarsure’s Bhavesh Patidar
Pankaj Tyagi
VP - Solar and Storage
Solar Plus Storage Is Key to India’s Clean Energy Future: BluPine’s Pankaj Tyagi