Amara Raja Batteries Limited plans to invest Rs 95 billion over the period of next ten years in Telangana to establish lithium-ion (Li-ion) battery research and manufacturing facilities.
The company aims to establish a lithium cell gigafactory with an ultimate capacity of up to 16 GWh and a battery pack assembly unit with a capacity of up to 5 GWh. On the proposed investment, the company has signed a memorandum of understanding (MoU) with the Government of Telangana. The overall investment of Rs 95 billion is expected to be in at least four or five phases and the investment cycle for the first phase may take at least two to three years. The facilities will include the Amara Raja E-hub, an advanced energy research and innovation centre in Hyderabad. This facility will have laboratories and testing infrastructure for material research, prototyping, product life cycle analysis, and proof of concept demonstrations.