- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
WAAREE Energies Ltd. has announced a board meeting where significant capital expenditures were approved. This includes ₹551 Cr for a 300 MW Electrolyser manufacturing plant, ₹2073 Cr for a 3.5 GWh Lithium-Ion cell manufacturing plant, and ₹130 Cr for its inverter business. Furthermore, Dr. Arvind Ananthanarayanan resigned as Non-Executive Director, while Mr. Amit Paithankar has been appointed as Whole-Time Director and CEO for five years, pending shareholder approval.
These developments signal aggressive expansion in clean energy and battery technologies, potentially enhancing investor confidence in WAAREE's growth trajectory and strategic alignment with renewable energy targets.