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Waaree Energies approves Rs 3,900 crore glass capex, ups Transpower stake
Waaree Energies has approved two capital allocation decisions that extend its manufacturing presence into solar glass and power transformers. The larger is a Rs 3,900 crore outlay to build a glass manufacturing plant under its wholly owned subsidiary, Waaree Green Glass Private Ltd. The facility will produce 2,500 tonnes of glass per day, financed through a mix of debt and internal cash flows, the company said in a regulatory filing. The board also approved increasing…
