Amara Raja Batteries plans to invest ₹9,500 crore for Lithium-ion battery gigafactory in Telangana
- The company said that initial facilities would include an energy research and innovation center in Hyderabad, dubbed the Amara Raja E-hub
Amara Raja Batteries Limited, industrial and automotive battery major, on Friday said it has signed a memorandum of understanding (MoU) with the Government of Telangana to setup state-of-the-art research and manufacturing facilities for lithium-ion battery-making in Mahbubnagar district, Telangana. Over the next 10 years, the company intends to invest over ₹9500 crores, after necessary approvals.
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