Waaree Energies in focus on Rs 3,900cr capex approval for glass manufacturing arm
Waaree Energies in focus on Rs 3,900cr capex approval for glass manufacturing arm
Shares of Waaree Energies are likely to remain in focus on March 25 after its board approved capital expenditure for glass manufacturing plant and decided to increase its stake in a subsidiary.
The board of directors of the company at its meeting held on March 24 approved the acquisition of additional equity stake in its subsidiary, Waaree Transpower from 64.04% to 75.10% of the paid-up equity share capital of Waaree Transpower.
The boars also approved capital expenditure amounting to Rs 3900 crore for glass manufacturing plant in its wholly owned subsidiary Waaree Green Glass for a capacity of 2500 TPD.