Amara Raja Batteries, has started work on lithium ion battery manufacturing Giga plant in Telangana with an investment of Rs 9,500 crore over next 10 years.
Minister for industries and commerce K.T. Rama Rao laid the foundation stone for Telangana’s first Giga factory at Divitipally in Mahabubnagar district along with Ramachandra N. Galla, founder, Amara Raja Group, and Jayadev Galla, Chairman & Managing Director, Amara Raja Batteries.
In December 2022, the Telangana government entered into an MoU with Amara Raja Advanced Cell Technologies (ARACT), a subsidiary of ARBL. It already supplies lithium battery packs and chargers to some 2 and 3-Wheeler OEMs.
Amara Raja Giga Corridor aims to produce Lithium Cell and Battery Packs with an ultimate capacity of up to 16 Gigawatt hours (GWh) and up to 5 GWh respectively.
At the time of signing of MoU, the company announced that it would invest Rs 9,500 crore in a phased manner during the next 10 years.
In the first phase, the company would invest between Rs 1,500 crore to Rs 2,000 crore. The funds would be arranged through internal sources of the company. The first phase will be completed within 2-3 years.
The facility aims to create direct employment for about 4,500 people and a similar number of indirect jobs.
The initial facilities would include an energy research and innovation center, dubbed the Amara Raja E +Ve Energy Labs. This facility will be equipped with advanced laboratories and testing infrastructure for material research, prototyping, product life cycle analysis, and Proof of Concept demonstration.
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