WAAREE Energies confirmed ongoing discussions with the Government of Andhra Pradesh regarding the establishment of a new greenfield manufacturing facility. This follows the prior approval by the Board in October 2025 to significantly expand Li-ion cell and BESS capacity from 3.5 GWh to 20 GWh, requiring a capital expenditure of approximately ₹8,000 crores in its subsidiary. The company clarified that no Unpublished Price Sensitive Information is currently pending disclosure.
Confirmation of Major Capacity Expansion
WAAREE Energies Ltd. issued a formal clarification today, February 19, 2026, addressing recent media reports regarding a major investment in Andhra Pradesh. The company confirmed that the Board of Directors, during its meeting on October 01, 2025, had already approved a substantial increase in manufacturing capabilities.
Scale of Investment and Production Goals
The approved expansion targets an increase in the manufacturing capacity for Lithium-Ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS) from 3.5 GWh to 20 GWh. This initiative is backed by a planned additional capital expenditure estimated at approximately ₹8,000 crores, which will be invested through its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited.
Discussions with Government Authorities
Subsequent to the Board approval, the Company stated that it is actively in discussions with the Government of Andhra Pradesh, along with other state governments, concerning the necessary arrangements for setting up the proposed greenfield manufacturing facility. The company assured that it will keep the stock exchanges informed of all material developments as required.
Market Movement Clarification
Furthermore, WAAREE Energies confirmed that current movement in the share price is entirely market-driven, explicitly stating that there is no Unpublished Price Sensitive Information pending disclosure to the stock exchanges at this time, ensuring full compliance with disclosure requirements.
Source: BSE
