Waaree Energies Share Price Gains Amid Clarification on Energy Storage Expansion

Waaree Energies Limited issued a regulatory clarification following media reports regarding a proposed battery gigafactory investment. The company stated that plans related to expanding its advanced battery manufacturing capacity were previously approved and disclosed to stock exchanges.

The clarification comes amid notable movement in the company’s share price, with the stock trading higher during early market hours.

Waaree Energies Clarification on Gigafactory Reports

The company responded to a news report concerning a proposed battery manufacturing project linked to a significant investment in Andhra Pradesh. 

Waaree Energies clarified that its Board of Directors had already approved capacity expansion plans in October 2025, which were duly disclosed at the time.

The proposed expansion relates to lithium-ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS), forming part of the company’s broader strategy to strengthen its presence in energy storage manufacturing.

Waaree Energies Capacity Expansion Plan

Under the approved proposal, manufacturing capacity is planned to increase from 3.5 GWh to 20 GWh through its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited. The expansion involves an additional capital expenditure of approximately ₹8,000 crore.

The company noted that the project involves establishing a greenfield manufacturing facility and discussions are currently underway with the Government of Andhra Pradesh as well as other state governments regarding the potential location.

Regulatory Disclosure and Compliance

The clarification was issued under Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Waaree Energies stated that there is no unpublished price sensitive information pending disclosure and that the recent stock price movement is driven by market factors.

The company reiterated its commitment to ongoing compliance with disclosure requirements and confirmed that updates will be shared with exchanges if any material developments arise.

Waaree Energies Share Price Performance

Shares of Waaree Energies witnessed gains during Friday’s trading session. As of 10:12 AM on February 20, the stock was trading at ₹2,912.60, up ₹38.30 or 1.33% from the previous close of ₹2,874.30.

During the session, the stock opened at ₹2,879.00 and moved within a range of ₹2,869.00 to ₹2,924.70, reflecting active trading interest following the clarification.

Read More:GHV Infra Secures ₹123 Crore Rooftop Solar Project; Shares Hit 52-Week High.

Conclusion

Waaree Energies’ statement indicates that the proposed battery manufacturing expansion remains at the discussion stage, with no new undisclosed developments at present. While investor interest remains supported by the company’s long term energy storage plans, further clarity on project execution and final approvals will likely guide market sentiment going forward.

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