Waaree Energies Clarifies ₹15,000 Cr Green Ammonia Project

Waaree Energies Ltd has clarified news regarding a ₹15,000 crore green ammonia project. Its wholly-owned subsidiary, Waaree Clean Energy Solutions Private Limited (WCESPL), had applied to the Andhra Pradesh Government in May 2026 for a 1.2 million ton per annum green ammonia project in Kakinada. The government approved this via an order dated August 25, 2026, to be formally handed over at the CII Partnership Summit. The investment is still subject to internal committee and board approval. The company stated that share price movements are market-driven and no unpublished price-sensitive information is pending disclosure. No regulatory or legal proceedings are underway concerning this matter.