Waaree subsidiary plans 16 GWh battery gigafactory in Andhra Pradesh

Waaree Energy Storage Solutions Private Limited, a wholly owned subsidiary of Waaree Energies Limited, is in discussions with the Government of Andhra Pradesh to set up an integrated lithium-ion battery gigafactory with a proposed investment of about Rs 8,175 crore. The facility is proposed at Rambilli in Anakapalli district and is planned with a manufacturing capacity of 16 GWh for advanced chemistry storage cells and Battery Energy Storage Systems (BESS).

The proposed facility is structured as an integrated manufacturing unit covering lithium-ion cell production, battery pack assembly, and large-scale BESS within a single ecosystem. The project is expected to create around 3,000 direct jobs. The State Investment Promotion Board, chaired by Chief Minister N. Chandrababu Naidu, has granted in-principle approval to the proposal.

Waaree Energies had earlier informed stock exchanges on October 1, 2025, that its Board of Directors approved an increase in manufacturing capacity for lithium-ion advanced chemistry storage cells and BESS from 3.5 GWh to 20 GWh through its subsidiary. The capacity expansion involves additional capital expenditure of about Rs 8,000 crore. The company is assessing potential locations across multiple states, including Andhra Pradesh, for the greenfield project.

The proposed investment aligns with Andhra Pradesh’s Integrated Clean Energy Policy 2024, which promotes investments in renewable power generation, solar manufacturing, and storage infrastructure. Companies such as Premier Energies, Tata Power, and Websol Energy System have already announced investments in solar cell, wafer, and ingot manufacturing in the state. The planned gigafactory introduces energy storage manufacturing as an additional element of the state’s clean energy value chain.

Energy storage is increasingly central to India’s energy transition, enabling renewable energy integration, supporting grid stability, and facilitating electric vehicle deployment. A large share of lithium-ion cells and BESS continues to be imported, positioning domestic gigafactory development as an important area for reducing import dependence.

Responding to media queries, Waaree Energies stated that the proposed investment follows the October 2025 board approval that was disclosed to stock exchanges. The company said no unpublished price-sensitive information remains pending disclosure and confirmed compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Regulations. It added that share price movements are determined by market conditions and that material developments will be disclosed as required.