Amara Raja to invest Rs 9,500 cr for battery plant in Telangana

Amara Raja to invest Rs 9,500 cr for battery plant in Telangana

The company plans to invest the sum over a period of 10 years after getting the required approvals.

FPJ Web DeskUpdated: Friday, December 02, 2022, 03:39 PM IST
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According to a corporate filing, major battery maker Amara Raja has signed a memorandum of undertstanding to invest Rs 9,500 crore in a gigafactory in Telangana.

The company plans to invest the sum over a period of 10 years after getting the required approvals, and open access to facilities for other players in the space.

The deal is part of a strategic partnership with the Telangana government top boost innovation for sustainability.

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