WeWork India Management flies on getting nod to develop 10 MWp solar plant in Karnataka
Wework India Management is currently trading at Rs. 673.55, up by 19.55 points or 2.99% from its previous closing of Rs. 654.00 on the BSE.
The scrip opened at Rs. 663.15 and has touched a high and low of Rs. 680.00 and Rs. 660.75 respectively. So far 4700 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 794.20 on 06-Aug-2026 and a 52 week low of Rs. 419.60 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 710.00 and Rs. 647.80 respectively. The current market cap of the company is Rs. 9341.68 crore.
The promoters holding in the company stood at 48.29%, while Institutions and Non-Institutions held 45.54% and 6.17% respectively.
WeWork India Management has received in-principle approval to develop a 10 MWp (DC) ground-mounted solar power plant in Karnataka, marking a significant mark in its goal to transition towards 100% renewable electricity by March 2028. The proposed project is intended to reduce the company’s electricity costs, increase the use of renewable energy and support its sustainability objectives
Targeted for commissioning in FY27, the plant is expected to generate around 15-16 million units of clean electricity annually. Once operational, it is expected to increase the share of renewable electricity across WeWork India’s portfolio from close to 40% currently to around 50%, bringing the company closer to its 100% renewable electricity goal. Nearly 80% of the plant’s output will support WeWork India’s operations, including 10 centres in Bengaluru. The remaining 20% of the plant’s output will be used for their future growth.
The Board of Directors of the company, at its meeting held on September 3, 2026, has considered and accorded in-principle approval for the same.
