Waaree Energies Limited experienced a decline of 1.06 percent in its stock price, reaching ₹3,452.80 on the National Stock Exchange by 2:45 PM on Thursday. This drop followed the company’s recent announcement regarding a substantial investment in its energy storage subsidiary. The stock initially opened at ₹3,506.00 but experienced a downturn during afternoon trading, with trading volumes totaling 7.60 lakh shares worth ₹264.24 crores.
On Tuesday, Waaree Energies revealed it would invest ₹300 crores in its wholly-owned subsidiary, Waaree Energy Storage Solutions Private Limited, through a rights issue. The investment consists of 60 crore partly paid-up equity shares with a face value of ₹10 each, issued at par—₹5 payable at application and the remaining ₹5 payable upon call.
The funds are earmarked for establishing a manufacturing plant for lithium-ion advanced chemistry storage cells, marking the company’s entry into the energy storage sector. This initiative aligns with India’s increasing emphasis on renewable energy storage solutions as the country strives to meet its clean energy objectives.
Waaree Energy Storage Solutions, which was incorporated in February 2020, has reported no turnover in the past three years. Post capital infusion, the subsidiary will remain fully owned by Waaree Energies.
Currently, the company’s market capitalization stands at ₹99,164.41 crores, with the stock trading significantly below its 52-week high of ₹3,865.00 reached on September 12, 2025. During the afternoon session, sell pressure was evident, with 1.37 lakh shares on the sell queue compared to 73,221 shares on the buy side.
Published on September 25, 2025.
