Waaree Energies to Establish Largest Lithium-Ion Battery Gigafactory in Andhra Pradesh

Waaree Energies plans to establish a lithium-ion battery gigafactory in Andhra Pradesh with an investment of over Rs 8,000 crore. The facility will have a 16 GWh capacity, generating around 3,000 jobs and covering the complete battery value chain. This project supports India's renewable energy and electric mobility goals.

Waaree Energies is set to revolutionize the renewable energy sector by establishing India's largest integrated lithium-ion battery gigafactory in Andhra Pradesh. The ambitious project, valued at over Rs 8,000 crore, will be located in Rambilli, Anakapalli district and is poised to generate approximately 3,000 direct jobs.

Announced by an official release, the facility will span 16 GWh, encompassing the full battery value chain from cell manufacturing to large-scale Battery Energy Storage Systems (BESS). This significant venture has received in-principle approval from the Andhra Pradesh State Investment Promotion Board, under Chief Minister N Chandrababu Naidu's leadership.

As highlighted by Andhra Pradesh Human Resources Minister, Nara Lokesh, this initiative marks a critical step in the state's clean-energy evolution. The gigafactory will bolster the expansion of renewable energy, electric mobility, and grid stability while enhancing India's strategic manufacturing autonomy.

(With inputs from agencies.)