25 Mar , 2026 By : Debdeep Gupta
Waaree Energies share price rose nearly 2 percent in the opening trade on March 25 after its board approved capital expenditure for glass manufacturing plant and decided to increase its stake in a subsidiary.
At 09:18a, Waaree Energies was quoting at Rs 3,140.25, up Rs 54.40, or 1.76 percent, on the BSE.
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.
The capex will be funded by mix of debt and internal accruals.
In the previous trading session, the share closed at Rs 3,085.85, up Rs 22.70, or 0.74 percent.
The share touched a 52-week high of Rs 3,864.40 and a 52-week low of Rs 1,808.65 on 12 September, 2025 and 07 April, 2025, respectively.
Currently, the stock is trading 20.15 percent below its 52-week high and 70.62 percent above its 52-week low.
The market capitalisation of the company stands at Rs 88,761.67 crore.
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