Key Highlights
- Waaree Energies approves ₹3,900 crore capex for glass manufacturing plant with 2500 TPD capacity.
- Company to increase stake in Waaree Transpower to 75.10% from 64.04%.
- Acquisition valued at ₹190 crore for 2.53 crore equity shares at ₹75 per share.
- Transaction expected to be completed by June 2026.
- Waaree Transpower operates transformer manufacturing with 4000 MVA capacity.
- Capex to be funded through a mix of debt and internal accruals.
Waaree Energies Limited has announced key strategic decisions following its board meeting held on March 24, 2026, including a significant capital expenditure plan and an increase in its stake in its subsidiary.
The company approved a capital expenditure of ₹3,900 crore to establish a glass manufacturing facility under its wholly owned subsidiary, Waaree Green Glass Private Limited. The planned plant will have a production capacity of 2,500 tonnes per day and will support the company’s expanding renewable energy ecosystem. The investment will be financed through a combination of debt and internal accruals.
In addition, Waaree Energies has approved the acquisition of an additional equity stake in Waaree Transpower Private Limited, formerly known as Kotsons Private Limited. The company will increase its shareholding from 64.04% to 75.10%, strengthening its control over the subsidiary.
The acquisition involves the purchase of 2.53 crore equity shares at a price of ₹75 per share, aggregating to a total consideration of ₹190 crore. The transaction will be executed through cash consideration and is expected to be completed by June 2026.
Waaree Transpower operates in the transformer manufacturing segment, specializing in advanced transformer solutions including oil-filled, dry-type, and renewable energy applications. The company currently has a production capacity of 4,000 MVA.
The acquisition is classified as a related party transaction since Waaree Transpower is already a subsidiary. However, the company clarified that the transaction is being conducted at arm’s length pricing.
The strategic move is expected to support capacity expansion and enhance operational capabilities in the power equipment segment, aligning with Waaree Energies’ broader growth plans in the renewable and energy infrastructure space.