Waaree Transpower pumps ₹192 crore into high-voltage transformer plant

Waaree Transpower, a subsidiary of Waaree Energies Ltd., announced a substantial investment of ₹192 crore to establish a 500 MVA, 400 kV transformer manufacturing plant. This expansion aims to meet the growing demand for high-voltage transformers from India's power and renewable energy sectors. Scheduled to commence operations in April 2027, the facility will enable Waaree Transpower to cater to customers across 132 kV, 220 kV, and 400 kV voltage classes, allowing the company to pursue larger and more complex power infrastructure contracts.

The growth in electricity demand and the necessity for robust transmission infrastructure to accommodate utility-scale renewable energy and battery storage into the national grid have driven this strategic move. The new facility will complement Waaree Transpower's existing manufacturing capabilities, extending its reach within the power infrastructure value chain.

Currently, Waaree Transpower holds an order book valued at around ₹360 crore for FY 2026–27, laying a solid foundation for future growth. Viren Doshi, Director at Waaree Energies Limited, highlighted the investment as a testament to the long-term confidence in India's power infrastructure development and the escalating requirement for high-voltage transformation capacity as renewable energy deployment accelerates.

Waaree Transpower, initially known as KOTSONS, specializes in power and distribution transformers, with a focus on inverter duty transformers crucial for solar energy applications. Part of a broader strategy, this expansion is geared towards developing a diversified electrical infrastructure business targeting renewable energy, battery energy storage systems, and grid infrastructure.

As of Tuesday, Waaree Energies shares on the NSE closed at ₹2,588, marking a 0.65 percent decrease from the previous session, despite reaching a 52-week high of ₹3,865.