Sunlit Power to invest Rs 1 billion in battery production facility

Sunlit Power has announced plans to invest Rs 1 billion over the next two years to set up an automated manufacturing facility in Pune, Maharashtra.

The facility, which is already under construction and is expected to be completed by October 2023, would have a capacity of 200 MW per month. The company further plans to double the capacity at the Pune facility to 400 MW per month by 2024-25. The company also plans to expand its presence across Kerala, Chennai, Delhi, and Bangalore in 2023-24.