Waaree Energies Share Price in Focus; To Invest ₹15,000 Crore in Green Ammonia Project in Andhra Pradesh

Written by: Team Angel OneUpdated on: 10 Nov 2026, 7:16 pm IST

Waaree Energies plans a ₹15,000 crore green ammonia project in Kakinada with an annual production capacity of 1.2 million tonnes.

Waaree Energies is planning a major investment in green ammonia production in Andhra Pradesh. The proposed project involves an investment of around ₹15,000 crore and is planned for the Kakinada Special Economic Zone.

The facility is expected to produce 1.2 million tonnes of green ammonia annually. Waaree Clean Energy has acquired around 300 acres of land in the SEZ, close to Kakinada Gateway Port.

Project Planned at Kakinada

The project is being proposed through Waaree Clean Energy Solutions. Its location near the port places the proposed facility within the Kakinada SEZ's growing clean energy ecosystem.

The 1.2 million tonne annual capacity makes the project a sizeable proposed investment in the state's emerging green fuel sector.

Announcement Expected at Andhra Pradesh Summit

The formal announcement is expected to take place at the Andhra Pradesh Investment Summit in Visakhapatnam. An MoU between the state government and the company is also expected during the two-day summit.

The Andhra Pradesh government has approved the project under its Integrated Clean Energy Policy, 2024, and has sanctioned incentives for the investment.

Waaree's Move Into Green Ammonia

The proposed project marks Waaree's planned expansion into green ammonia. The investment brings together a large production facility, a port-linked location and a significant land acquisition.

For Andhra Pradesh, the project adds another proposed investment to Kakinada's clean energy and emerging fuel industry.

As of 10 November 2026, at 11:38 AM, Waaree Energies Ltd share price is trading at ₹2,444 per share, reflecting a surge of 0.21% from the previous trading session.

Conclusion

Waaree Energies' proposed ₹15,000 crore project would add 1.2 million tonnes of annual green ammonia capacity at Kakinada, with the formal project announcement expected at the Andhra Pradesh Investment Summit.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Nov 10, 2026, 1:46 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More