Amara Raja launches gigafactory in Telangana to produce lithium ion battery

This new facility in Telangana by Amara Raja plans to create employment opportunities for nearly 4,500 people and a similar number of indirect jobs

Finance
Finance
BS Web Team
1 min read Last Updated : May 10 2023 | 3:51 PM IST
Amara Raja Batteries Limited on Saturday launched the first Gigafactory in Telangana. Considered to be one of India's largest gigafactory, it will manufacture lithium-ion batteries, with a planned investment of Rs 9,500 crore over the next 10 years.
According to media reports, the work was commenced following a ceremony at Divitipalli in Mahabubnagar district in the presence of state IT and industries minister K T Rama Rao, who also laid the foundation stone. The ceremony on Saturday marked the beginning of Amara Raja Giga Corridor which plans to manufacture lithium cell and battery packs with a capacity of up to 16 Gigawatt hours (GWh) and up to 5 GWh respectively.
 

K T Rama Rao called it a big step forward in electrifying Telangana's ambitions to be a hub for electric vehicles and sustainable mobility. He further added that this is the largest investment in India in this sector.
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Topics :Amara Raja Batteries

First Published: May 10 2023 | 3:51 PM IST

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