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Bloomberg Quint

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Waaree Energies To Invest Nearly Rs 3,500 Crore In Electrolyser, Lithium Ion Battery, Invertor Business

  • Waaree Energies will invest nearly Rs 3,500 crore in electrolyser, lithium ion battery, and inverter business.
  • The company plans to set up a 3.5 GWh lithium ion advanced chemistry storage cell manufacturing plant with an investment of Rs 650 crore.
  • They will also establish a 300 megawatt electrolyser manufacturing plant with an investment of Rs 200 crore.
  • Additionally, a capex of Rs 130 crore in the inverter business has been approved by the board.

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