declined 1.06 per cent to ₹3,452.80 on the as of 2.45 PM on Thursday, following the company’s announcement of a significant investment in its energy storage subsidiary. The stock opened higher at ₹3,506.00 but lost ground during afternoon trading, with volumes reaching 7.60 lakh shares worth ₹264.24 crores.
The solar panel manufacturer disclosed late Tuesday that it has invested ₹300 crores in wholly-owned subsidiary Waaree Energy Storage Solutions Private Limited through a rights issue. The investment involves 60 crore partly paid-up equity shares of ₹10 face value each at par, with ₹5 paid on application and the remaining ₹5 payable on call.
The funds will be utilised to establish a lithium-ion advanced chemistry storage cell manufacturing plant, marking the company’s expansion into the energy storage segment. This move aligns with India’s growing focus on renewable energy storage solutions as the country pushes toward its targets.
Waaree Energy Storage Solutions, incorporated in February 2020, has reported nil turnover over the past three years. The subsidiary will continue to remain fully owned by Waaree Energies following this capital infusion.
The company’s market capitalisation stands at ₹99,164.41 crores, with the stock trading well below its 52-week high of ₹3,865.00 reached on September 12, 2025. Sell pressure dominated with 1.37 lakh shares in the sell queue against 73,221 shares on the buy side during afternoon trading.