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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