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Gujarat Gas Signs Deal with Waaree Energy to Supply PNG for Lithium Plant

Synopsis:


Gujarat Gas will supply 50,000 scmd of PNG to Waaree Energy’s lithium-ion cell plant in Valsad, aiding India’s battery production goals. Waaree Energy share price and domestic manufacturing are key market watch points.


Source: Waree Energy Press Release | Published on July 31, 2025

Disclaimer: This content has been published for informational purposes only. Bajaj Broking is not affiliated with, nor does it endorse or assume any responsibility for, the source material. Readers are advised to consult the original publication for complete and accurate context.

As quoted on Waaree Energies' press release on July 31, 2025, Gujarat Gas Limited (GGL) has entered a Gas Sales Agreement with Waaree Energy to supply piped natural gas (PNG) to its lithium-ion cell manufacturing facility in Valsad, Gujarat. The agreement involves the delivery of 50,000 standard cubic metres per day (scmd) of PNG.

Also read: Waaree Energies Commences Operations at 1.80 GW Solar Module Plant in Gujarat

WAAREE ENERGIES LIMITED

Trade

3104111.60 (3.72 %)

Updated - 01 August 2025
3163.90day high
DAY HIGH
3010.00day low
DAY LOW
3436467
VOLUME (BSE)

Key Takeaways

  • Gujarat Gas to supply 50,000 scmd PNG to Waaree’s lithium-ion plant.

  • Facility located in Valsad, Gujarat, part of India’s clean energy strategy.

  • Waaree Energy share price under watch due to diversification into battery segment.

  • GGL serves over 22.67 lakh households and 4,000 industrial units.

  • Domestic lithium-ion production supports EV, BESS, and electronics sectors.

The lithium-ion cell facility is currently under construction and will support India’s effort to reduce its dependence on battery imports. This collaboration strengthens the clean energy supply chain while enhancing domestic capabilities in high-demand sectors such as electric vehicles and energy storage.

Aspect

Details

PNG Supplier

Gujarat Gas Limited

Buyer

Waaree Energy

Volume Supplied

50,000 scmd

Facility Location

Valsad, Gujarat

End-use Application

Lithium-ion cell manufacturing

Timeline

Plant expected to be operational by Q4 FY 2025–26

Boost For Domestic Battery Production

Waaree Energy is a subsidiary of Waaree Group, India’s largest solar PV module maker, with a reported capacity of 13.3 GW. The company is now venturing into lithium-ion cell and hydrogen fuel cell production, complementing India’s ambitions to build local capacity for clean energy products.

According to CareEdge, India’s lithium-ion battery import dependence could drop to 20% by FY 2026–27 as more domestic facilities come online. Waaree’s plant, once operational, is expected to contribute significantly to that shift.

Gujarat Gas Strengthens Industrial Supply Reach

Gujarat Gas operates across six states and one Union Territory, catering to industrial, household, and automotive consumers. Its partnership with Waaree Energy reflects its growing role in supplying clean fuels to India’s emerging energy tech manufacturing hubs.

Waaree Energy share price stands at ₹2,992.40 per share on the BSE as of August 1, 2025, at 9:00 AM IST. Waaree Energy share price may continue to draw investor interest as the company expands from solar modules into battery and hydrogen segments—key growth areas in India's clean energy mission.

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