Amara Raja Batteries And Telangana Government Sign MoU For Battery Plant. See Pics

Amara Raja Batteries announced in a regulatory filing that the Company and the Telangana government signed a memorandum of understanding (MoU) on Friday.

By : ABP News Bureau | Updated at : 02 Dec 2022 06:37 PM (IST)

Amara Raja Batteries to invest Rs 9,500 cr to set up research and manufacturing facilities for lithium-ion battery-making in Telangana

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Amara Raja Batteries Ltd on Friday announced that it plans to invest Rs 9,500 crore in Telangana over the next ten years to establish research and manufacturing facilities for lithium-ion battery-making in Mahbubnagar district, Telangana.

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Amara Raja Batteries announced in a regulatory filing that the Company and the Telangana government signed a memorandum of understanding (MoU) on Friday to establish research and manufacturing facilities for lithium-ion battery production in the Mahbubnagar district.

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Telangana IT and Industries minister KT Rama Rao termed the move as ‘yet another historic win for Telangana’.

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The initial facilities would contain an advanced energy research and innovation centre in Hyderabad, dubbed the 'Amara Raja E-hub'. This facility will be equipped with advanced laboratories and testing infrastructure for material research, product life cycle analysis, prototyping, and Proof of Concept demonstration.

Published at : 02 Dec 2022 06:37 PM (IST)

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Telangana Government Telangana Amara Raja Batteries Mahbubnagar District Lithium-ion Battery-Making Facility