Waaree Energies Limited announced the incorporation of its wholly-owned subsidiary, Waaree Renewable Energies Australia PTY Limited, in Australia to expand its renewable energy business globally. This strategic move aligns with the company’s vision to strengthen its international presence in the green energy sector. The subsidiary aims to focus on renewable energy solutions in Australia.
The establishment of this subsidiary highlights Waaree Energies’ commitment to sustainability and growth in the renewable energy domain. The company has pledged 100% subscription to the share capital of this new entity, reflecting its confidence in the market potential of Australia’s renewable energy sector.
On the stock market, Waaree Energies’ shares closed at ₹2,910.75, up by 2.51% on the NSE. The stock has shown a 7.98% rise over the last five days, though it declined 15.28% in the past month. Year-to-date and annual performance remain positive at 16.40%, indicating steady growth prospects.
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