Waaree Energies to invest Rs 5.51 billion in 300 MW electrolyser and 3.5 GWh lithium-ion plant
Waaree Energies Limited has approved plans to establish a 300 MW electrolyser manufacturing facility and a 3.5 GWh lithium-ion Advanced Chemistry Storage Cell production plant. The electrolyser manufacturing project will be implemented under Waaree Clean Energy Solutions, a subsidiary of Waaree Energies, with a capital expenditure (CAPEX) of Rs 5.51 billion and an investment of Rs 2 billion. The project will be developed under the Production-Linked Incentive (PLI) scheme by the Ministry of New and…