Waaree Energies is in discussions with the federal government of Andhra Pradesh and other state governments to arrange a proposed greenfield battery manufacturing facility involving an funding of over ₹8,000 crore, based on an alternate submitting.
The clarification comes after media stories recommended that Andhra Pradesh had secured Waaree Energies’ battery gigafactory with an funding of ₹8,175 crore. The corporate, in response to a inventory alternate question dated February 19, 2026, stated there is no such thing as a unpublished worth-delicate info pending disclosure.
Waaree Energies stated its board of administrators, at a gathering held on October 1, 2025, had accredited a big enlargement in manufacturing capability for lithium-ion superior chemistry storage cells and battery power storage methods (BESS). The capability is proposed to be scaled up from 3.5 GWh to twenty GWh.
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The board additionally accredited further capital expenditure of roughly ₹8,000 crore in its wholly-owned subsidiary, Waaree Vitality Storage Options Personal Restricted, to execute the enlargement plan. This improvement was disclosed to inventory exchanges on October 1, 2025, the corporate famous.
Q3 outcomes
Individually, the corporate reported a powerful efficiency for the December quarter. Web revenue rose 26% sequentially to ₹1,062 crore in Q3 from ₹842 crore in Q2. Income elevated 24.7% quarter-on-quarter to ₹7,656 crore from ₹6,065 crore.
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EBITDA for the quarter climbed 37.2% to ₹1,928 crore in contrast with ₹1,405 crore within the earlier quarter. The EBITDA margin improved to 25.5% from 23.2%, reflecting greater working leverage.
Shares of Waaree Energies ended decrease on Thursday, February 19, by 3.12% at ₹2,871 on the NSE.
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