Amaravati, Feb 19 Waaree Energies, a renewable energy company, will set up a large-scale lithium-ion battery manufacturing facility in Andhra Pradesh, with an investment of over Rs 8,000 crore.
The project will be located in Rambilli, in the Anakapalli district, and is expected to create approximately 3,000 direct jobs, according to an official statement on Thursday.
"Waaree Energies will establish India's largest integrated lithium-ion battery manufacturing facility in Andhra Pradesh. The project will be located in Rambilli, in the Anakapalli district, with an investment of Rs 8,175 crore," the statement said.
With a capacity of 16 GWh, the new facility will cover the entire battery value chain, including cell manufacturing, battery packs, and large-scale Battery Energy Storage Systems (BESS).
The project has received in-principle approval from the Andhra Pradesh State Investment Promotion Board, chaired by Chief Minister N Chandrababu Naidu.
Andhra Pradesh Minister of Human Resources, Nara Lokesh, said that the project marks a significant milestone in Andhra Pradesh's clean energy journey.
The Waaree battery gigafactory represents the next step in backward integration into advanced energy storage, it added.
Large-scale battery manufacturing is essential for supporting the expansion of renewable energy, electric mobility, and grid stability, while also enhancing India's strategic manufacturing independence.
