New Launch19 Feb 2026, 06:41 pm
Waaree Energies’ 8,175 crore investment in battery giga-factory with Andhra Pradesh government
AI Summary
Waaree Energies Ltd. is in discussions with the Government of Andhra Pradesh for setting up a greenfield manufacturing facility for Lithium-ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS) with an increased manufacturing capacity of 20 GWh. The company had previously approved an additional capital expenditure of approximately ¥8,000 crores for this purpose in its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited. The movement in the share price is market driven and there is no Unpublished Price Sensitive Information which is pending to be disclosed to the stock exchanges.
Key Highlights
- Waaree Energies to invest 8,175 crore in a battery giga-factory
- Discussions with Andhra Pradesh government for setting up the manufacturing facility
- Increase in manufacturing capacity from 3.5 GWh to 20 GWh
- Additional capital expenditure of approximately ¥8,000 crores
- Compliance with Securities and Exchange Board of India regulations