Waaree Energies Pumps ₹300 Crore into Energy Storage Arm for Lithium-Ion Cell Manufacturing

has infused ₹300 crore into its wholly-owned arm, Waaree Energy Storage Solutions (WESSPL), through a rights issue of 60 crore partly paid-up equity shares at ₹10 each, with ₹5 paid upfront and the balance payable on call. The funds will be utilised to set up a Lithium-Ion Advanced Chemistry Storage Cell plant, marking a strategic push into energy storage, fully aligned with Waaree’s renewable energy focus. While WESSPL, incorporated in 2020, has reported nil turnover so far, the parent company continues to show strong momentum—Q1FY26 consolidated net profit rose 20.3% QoQ to ₹745 crore from ₹619 crore, EBITDA surged 73.4% to ₹997 crore, and margins improved sharply to 22.5% from 14.3%, reflecting stronger realisations and operational efficiency. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.