Telangana: Amara Raja Batteries To Invest Rs 9,500 Crore In Lithium-Ion Battery Gigafactory

Amara Raja Batteries made the disclosure in a regulatory filing and said it had signed a memorandum of understanding (MoU) with the Telangana government.

Amara Raja Batteries Ltd on Friday signed MoU with the Telangana government ( Image Source :Twitter/@KTRTRS )

Amara Raja Batteries Ltd on Friday announced that it would invest Rs 9,500 crore in Telangana over the next ten years to establish research and manufacturing facilities for lithium-ion batteries in Mahbubnagar district. Amara Raja Batteries announced in a regulatory filing that it had signed a memorandum of understanding (MoU) with the Telangana government on Friday to set up the facilities.

Telangana IT and Industries Minister KT Rama Rao tweeted, "Yet another historic win for Telangana Amara Raja to setup India’s largest Lithium Ion Cell Manufacturing facility till date with an investment of ₹9,500 Cr, further reinforcing Telangana’s position as an ideal destination for EV and Advanced Cell Chemistry (ACC) Manufacturing." 

"This is a crucial step in the direction of achieving sustainable mobility, and making India self-reliant With this Telangana is now amongst the select few regions in the world hosting a Lithium ion Giga factory Factory to be setup at Divitipalli, Mahbubnagar will employ 4,500," KT Rama Rao further said.

This is a crucial step in the direction of achieving sustainable mobility, and making India self-reliant

With this Telangana is now amongst the select few regions in the world hosting a Lithium ion Giga factory

Factory to be setup at Divitipalli, Mahbubnagar will employ 4,500

— KTR (@KTRTRS) December 2, 2022

In the first phase, an advanced energy research and innovation centre will be set up 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. 

The company said that the proposed facility at Mahbubnagar district in Telangana will have a lithium cell gigafactory with maximum capacity up to 16 GWh and a battery pack assembly unit up to 5 GWh.

(With inputs from ABP Desam — It is a Telugu platform of ABP News. For more news, commentary and latest happenings from two Telugu states, follow https://telugu.abplive.com/)