Waaree Energies Invests ₹300 Crore in Subsidiary for Lithium-Ion Cell Manufacturing

Waaree Energies Limited, India’s leading renewable energy company, has announced a significant investment of ₹300 crore in its wholly-owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL). 

The move, disclosed on September 24, 2025, underlines the company’s commitment to expanding its capabilities in advanced battery storage technologies.

Details of the Investment

According to the company’s filing, the investment will be made through a rights issue of 60,00,00,000 partly paid-up equity shares at a face value of ₹10 each, issued at par. Of this, ₹5 per share is payable on application, while the remaining ₹5 will be called later. 

Despite this new infusion, Waaree confirmed that WESSPL will remain its wholly-owned subsidiary, with no dilution in shareholding. The company further clarified that no regulatory approvals are required for this transaction.

Purpose and Subsidiary Background

The ₹300 crore investment will be directed towards setting up a Lithium-Ion Advanced Chemistry Storage Cell manufacturing plant, reinforcing Waaree’s presence in the renewable energy sector. 

WESSPL, incorporated on February 4, 2020 and headquartered in Mumbai, has reported nil turnover in FY2025 as well as for the past 3 years, indicating that the project marks a fresh operational beginning for the subsidiary.

Read More: Waaree Energies To Offload 14.66% Stake In Indosolar Through OFS!

Waaree Energies Share Price Performance 

As of September 25, 2025, at 10:51 AM, Waaree Energies share price is trading at ₹3,472 per share, reflecting a decline of 0.51% from the previous closing price. Over the past month, the stock has gained by 10.18%.

Conclusion

By committing ₹300 crore to its storage subsidiary, Waaree Energies is positioning itself strongly in the future-ready domain of lithium-ion cell manufacturing. This strategic step not only strengthens its renewable energy ecosystem but also reflects its long-term vision of supporting India’s energy transition journey.

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