 "Amara Raja launches gigafactory in Telangana to produce lithium ion battery")
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.