Waaree Energies Stock Gains 3% After Rs 8,175 Crore Capex Approval

Market Performance

The stock market today saw Waaree Energies stock rise over 3% following the company’s approval of a major capital expenditure plan. In morning trading, shares were quoted at ₹3,434.20, reflecting strong investor attention after the announcement.

During the session, the stock touched a high of ₹3,469 and a low of ₹3,359, showing notable intraday movement. Over the past year, Waaree Energies has surged nearly 47%, with a 52-week range between ₹1,863 and ₹3,865, currently trading at a P/E multiple of 43.54.

Main News: Rs 8,175 Crore Capex Plan

Waaree Energies’ board has cleared a capital expenditure plan totaling ₹8,175 crore, aimed at expanding capacities across its clean energy businesses, including energy storage, electrolysers, and inverters.

Key allocations under the plan:

• Lithium-Ion & Battery Energy Storage Systems: Around ₹8,000 crore to scale up capacity from 3.5 GWh to 20 GWh under Waaree Energy Storage Solutions Pvt Ltd.
• Electrolyser Manufacturing: Expansion from 300 MW to 1,000 MW, with a capex of ₹125 crore under Waaree Clean Energy Solutions Pvt Ltd.
• Inverter Manufacturing: Capacity increase from 3 GW to 4 GW, requiring an incremental capex of ₹50 crore under Waaree Power Pvt Ltd.

The board meeting concluded on Wednesday, 1 October at 7:30 p.m., finalizing the investment plans.

Company Details

Waaree Energies is focused on strengthening its clean energy and allied businesses to meet growing demand in both domestic and global markets. The planned expansions span across:

• Energy Storage Solutions – Advanced lithium-ion chemistry storage cells and BESS
• Electrolyser Production – For clean hydrogen applications
• Inverter Manufacturing – Supporting solar and renewable energy infrastructure

These investments are expected to significantly enhance the company’s production capabilities and reinforce its position in the renewable energy sector.

Summary

• Date: 1 October, 2025
• Stock Move: Gained over 3% post capex approval
• Trading Price: ₹3,434.20 in morning session
• Capex Approved: ₹8,175 crore for capacity expansion
• Allocation:
  • ₹8,000 crore → Battery & energy storage capacity
  • ₹125 crore → Electrolyser manufacturing
  • ₹50 crore → Inverter manufacturing
• 52-Week Range: ₹1,863 – ₹3,865
• P/E Multiple: 43.54

With this move, Waaree Energies is positioning itself to scale operations across energy storage, electrolysers, and inverters, addressing rising energy demands both in India and globally.