Waaree Energies Ltd share price jumped over 3% on Friday after the company cleared capital expenditure plans of about Rs 8,175 crore to expand capacity across its energy storage, electrolyser, and inverter businesses. Shares of the company were trading at Rs 3,434.2 in the morning session on Tuesday, following the announcement.

Waaree Energies ' largest investment of around Rs 8,000 crore will be directed towards scaling up the lithium-ion advanced chemistry storage cell and battery energy storage systems (BESS) plant from 3.5 GWh to 20 GWh, under its subsidiary Waaree Energy Storage Solutions Pvt Ltd.

Additionally, the board approved an expansion of the electrolyser manufacturing plant from 300 MW to 1,000 MW annual production capacity, requiring a capex of about Rs 125 crore in Waaree

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