Waaree Energies Limited has approved a major capital expenditure of ₹3,900 crore to set up a glass manufacturing facility, marking a significant step toward strengthening its backward integration and manufacturing capabilities.
The investment will be executed through its wholly owned subsidiary, Waaree Green Glass, which will develop the plant with a planned capacity of 2,500 tonnes per day (TPD). The project will be funded through a mix of debt and internal accruals.
In a parallel move, the company has also approved an increase in its stake in its transformer business arm, Waaree Transpower. The stake will be raised from 64.04% to 75.10% through an additional equity investment of around ₹190 crore, with the transaction expected to be completed by June 2026.
The enhanced stake is aimed at supporting capacity expansion and meeting the capital requirements of the transformer business, which plays a key role in power evacuation for renewable energy projects.
With this dual strategy of expanding into solar glass manufacturing and strengthening its transformer segment, Waaree Energies is positioning itself to build a more integrated and resilient renewable energy ecosystem. The move also aligns with the growing demand for domestic manufacturing capabilities across the solar value chain in India.
