Waaree Energies Limited has clarified news regarding a proposed ₹15,000 crore investment in a green ammonia project in Andhra Pradesh by its wholly-owned subsidiary, Waaree Clean Energy Solutions Private Limited (WCESPL). The subsidiary had submitted an application to the Andhra Pradesh Government in May 2026, and approval was accorded via Government Order dated August 25, 2026. The investment is subject to internal and board approvals.
Clarification on Green Ammonia Project
Waaree Energies Limited issued a clarification regarding a news article published on November 11, 2026, concerning a potential investment of ₹15,000 crore in a green ammonia project in Andhra Pradesh. The company specified that its wholly-owned subsidiary, Waaree Clean Energy Solutions Private Limited (WCESPL), had applied to the Andhra Pradesh Government in May 2026 for approval of a proposed 1.2 million ton per annum green ammonia project in Kakinada.
Government Approval and Next Steps
The Andhra Pradesh Government has officially accorded its approval via a Government Order dated August 25, 2026. This GO is to be formally handed over by the Government to WCESPL during the 31st CII Partnership Summit in Visakhapatnam on the date of the announcement. The company further stated that the investment is contingent upon approvals from its Internal Investment Committee and the Board of Directors of Waaree Energies Limited.
Market Activity and Disclosure
Waaree Energies noted that the movement in its share price is market-driven, and there is no Unpublished Price Sensitive Information pending disclosure. Additionally, the company confirmed that no regulatory or legal proceedings are being initiated in relation to this matter. The company emphasized its continued compliance with relevant securities regulations.
Source: BSE
