Waaree Energies informed the stock market on Thursday that it is in discussions with the Andhra Pradesh government and other state governments to set up a proposed greenfield battery manufacturing facility. There is a plan to invest more than Rs 8000 crore in this project. This clarification from the company comes after media reports which…
But when a microcap starts showing steady, sustainable growth, something interesting happens. The volatility gradually settles, confidence builds, and the market begins to rerate the stock. Over the past year, smallcaps have fallen sharply. Microcaps even more so. Prices have come down across the board, in many cases faster than the underlying businesses. Corrections like…
The government is looking to mandate at least 50% local content for components, including battery and energy management systems, containers, and inverters used in Battery Energy Storage Systems (BESS), but excluding cells, the people cited above said on the condition of anonymity. Authorities may also introduce a list of approved manufacturers and models, mirroring a…
