Waaree Energies has announced plans to invest up to ₹6,000 crore in developing renewable power projects, further advancing its commitment to India’s clean energy transition.
Key highlights from the board meeting
- Renewable energy projects:
- The company will allocate ₹6,000 crore towards renewable power project development, solidifying its presence in the green energy sector.
- Focus on green hydrogen:
- Waaree Energies is exploring the manufacturing of electrolyzers for green hydrogen production, aligning with the country’s push towards alternative energy solutions.
- Energy storage innovation:
- Discussions were held on developing lithium-ion chemistry storage cells and setting up an energy storage system plant, addressing the growing demand for efficient energy storage technologies.
Financial performance: Q2 FY25
- EBITDA: ₹5.25 billion, up marginally from ₹5.17 billion in the same quarter last year.
- EBITDA margin: 14.68%, slightly higher than 14.62% in Q2 FY24, reflecting stable operational efficiency.
TOPICS:
Waaree Energies