Waaree Energies approves ₹3,900 Cr capex for glass manufacturing facility; stock gains 3%Waaree Energies approves ₹3,900 Cr capex for glass manufacturing facility; stock gains 3%

Introduction

Leading renewable energy firm increases stake in transformer subsidiary to 75.10% for ₹190 crore and approves ₹3,900 crore investment in a new glass manufacturing plant.

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Share price movement of Waaree Energies

On March 25, 2026, Waaree Energies Ltd opened at ₹3,158.25, up 2.33% from its previous close of ₹3,085.85. The stock reached a high of ₹3,182.00 (3.11%) and a low of ₹3,130.00 (1.45%). By 11:55 AM, it traded at ₹3,173.85, a 2.85% increase, with a market cap of ₹91,292.91 crore.

Waaree Energies Approves Stake Increase

Waaree Energies Limited approved increasing its stake in subsidiary Waaree Transpower Private Limited from 64.04% to 75.10% through cash consideration of ₹190 crore on March 24, 2026.

The subsidiary, incorporated in 1978, designs, manufactures, and supplies transformers, including oil-filled, dry-type, special purpose, and renewable energy solutions, operating entirely in India.

The board also approved ₹3,900 crore capital expenditure for a 2,500 TPD glass manufacturing plant under Waaree Green Glass Private Limited, funded through debt and internal accruals.

Stock performance of Waaree Energies for period of 1 week, 6 months, and 1 year

Waaree Energies Ltd delivered a 1-week return of -3.08%, a 6-month return of -3.77%, and a 1-year return of 26.4%.

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Shareholding pattern of Waaree Energies

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	64.20%	64.20%	64.30%
FII	6.90%	6.40%	2.70%
DII	3%	2.80%	2.90%
Public	26.00%	26.60%	30.20%

About Waaree Energies

Waaree Energies Ltd (NSE: WAAREEENER) is an Indian solar PV module manufacturer with 12 GW installed capacity, five manufacturing facilities in India, and a growing international presence.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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