The first part opened June 22 amid critical and commercial acclaim.
Centered around power, politics and rivalry among three families, the film explores revenge through the socio-political dynamic in Wasseypur, Jharkhand, also known for coal and scrap trade mafia.
While GOW-1 spans the 1940s to the 1990s, GOW-2 will be the culminating factor that will take the story forward from the 1990s till 2009.
"Gangs of Wasseypur 2" is said to be a fitting conclusion to the vengeance story.
Written by Zeishan Quadri, who hails from Wasseypur, the film is co-produced by Anurag Kashyap and Sunil Bohra. Powerful performers like Manoj Bajpayee, Nawazuddin Siddiqui, Tigmanshu Dhulia, Richa Chadda and Huma Qureshi form the cast of the movie.
More than 90 percent of the film has been shot in Uttar Pradesh to bring the right mood and feel to the story.
Both the parts were screened at the 65th Cannes International Film Festival and the just-concluded Osian film fest in the capital.