Waaree plans ₹15,000-crore green ammonia plant near Kakinada Gateway Port

Waaree Energies plans to invest approximately ₹15,000 crore in a green ammonia project at Kakinada Special Economic Zone (SEZ) in Andhra Pradesh, with proposed annual production capacity of 1.2 million tonnes. The development would expand the solar manufacturer’s clean-energy business and add a substantial production facility near Kakinada Gateway Port.

The proposal, reported on 10 November, is being advanced through Waaree Clean Energy Solutions. Around 300 acres have reportedly been acquired within the SEZ for the project.

The Andhra Pradesh government has reportedly approved the proposal under its Integrated Clean Energy Policy, 2024, and sanctioned incentives to support the investment.

A memorandum of understanding between the company and the state government is expected at the Andhra Pradesh Investment Summit in Visakhapatnam later this week. The agreement had not been reported as signed when the investment details emerged.

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