Amara Raja Batteries plans to invest Rs 9,500 cr battery mfg, R&D in Telangana
Amara Raja Batteries Ltd on Friday said it intends to invest Rs 9,500 crore over the next 10 years in Telangana on setting up research and manufacturing facilities for lithium-ion battery-making in the state.
The company on Friday signed a memorandum of understanding (MoU) with the Telangana government to set up research and manufacturing facilities for lithium-ion battery-making in Mahbubnagar district, Amara Raja Batteries said in a regulatory filing.
''Over the next 10 years, the company intends to invest over Rs 9500 crore, after necessary approvals,'' it added.
The initial facilities would include an energy research and innovation center in Hyderabad, dubbed the Amara Raja E-hub. It will be equipped with advanced laboratories and testing infrastructure for material research, prototyping, product life cycle analysis and proof of concept demonstration, the company said.
''This will cater to the development needs of the Amara Raja as well as to provide a range of facilities open to other players in the energy and mobility ecosystem,'' the filing added.
Amara Raja Batteries Chairman & Managing Director Jayadev Galla said the strategic partnership with the Telangana government would bring in the impetus for innovations in sustainable technologies for the whole region, in addition to generating employment opportunities.
''We have had a long association with the state and are excited to finally have the opportunity to establish an industrial base here,'' he added.
The company further said as part of its journey towards Giga scale manufacturing of advanced cell technology products, it would be establishing a commercial scale pilot plant and the first giga scale cell production facility.
Amara Raja said it has been working on Li-ion cell chemistries specifically suited for Indian subcontinent conditions, and already supplies lithium battery packs and chargers to some two and three-wheeler OEMs.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)