Amara Raja to invest Rs 9,500 crore in Telangana battery-making unit

Unit will house Amara Raja E-hub, an advanced energy research and innovation centre to meet firm's development needs and offer facilities to other players in the energy and mobility space

Amara Raja Batteries, a leading industrial and automotive battery making company, signed a memorandum of understanding (MoU) with the government of Telangana on Friday, to set up state-of-the-art research and manufacturing facilities for lithium-ion battery-making in the state's Mahbubnagar district. The company intends to invest over Rs 9,500 crore in the unit over the next 10 years, after necessary approvals.

In its latest initiative to become an ‘energy and mobility’ enterprise, Amara Raja has chosen Telangana to house its Amara Raja Giga Corridor. The facilities would initially include a first-of-its kind advanced energy research and innovation centre in Hyderabad, the