Waaree Energies expands through smart meter acquisition and new energy storage order

Waaree Energies and its subsidiaries have announced significant expansions in the energy infrastructure and smart metering sectors. Waaree Smart Meters, a subsidiary of Waaree Energies, acquired a 24.21% equity stake in Eppeltone Engineers for approximately ₹217.8 million. This acquisition is intended to integrate smart meter manufacturing into Waaree’s operations and strengthen its position in the energy value chain.

Separately, Waaree Transpower has secured an order valued at ₹160 crore from a global energy storage technology provider. The contract involves the supply of 8.3 MVA medium voltage (MV) skids designed for Battery Energy Storage System (BESS) applications. These IEC-standard compliant, containerized solutions are designed for efficient international deployment and mark a milestone in the company’s global export operations.