Waaree Energies Share Price in Focus; Plans to Build ₹8,175 Crore Lithium Ion Battery Gigafactory in Andhra Pradesh

As per PTI report, Waaree Energies, a renewable energy firm, announced on Feb 19, 2026, that it will develop India’s largest integrated lithium-ion battery gigafactory in the state of Andhra Pradesh. 

Project Details and Investment Scale 

The facility will be built on a greenfield site at Rambilli in Anakapalli district. The total outlay is ₹8,175 crore, and the plant will have a production capacity of 16 GWh per year.  

It will cover the full battery value chain, including cell manufacturing, assembly of battery packs, and the production of large-scale Battery Energy Storage Systems. 

Employment and Regional Impact 

Waaree estimates that the gigafactory will generate around 3,000 direct jobs. The project has received in‑principle approval from the Andhra Pradesh State Investment Promotion Board, chaired by the Chief Minister. State officials highlighted the importance of the plant for the region’s clean‑energy transition. 

Read More: Renewable Energy Make Up 75% of India’s FY26 Power Capacity Additions! 

Strategic Significance for India 

Large scale battery manufacturing supports the expansion of renewable power, electric mobility and grid stability. By producing cells, packs and storage systems domestically, the plant aims to reduce reliance on imports and strengthen India’s manufacturing base in advanced energy storage. 

Waaree Energies Share Price Performance 

As of February 19, 2026, at 12:34 PM, Waaree Energies share price on NSE was trading at ₹2,907.20 down by 1.90% from the previous closing price. 

Conclusion 

Waaree Energies’ ₹8,175 crore investment will create a 16 GWh lithium ion battery gigafactory in Rambilli, providing 3,000 jobs and enhancing India’s capacity for battery production and energy storage. 

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