Amara Raja Batteries to invest Rs 9,500 cr battery mfg, R&D in Telangana

Amara Raja Batteries Ltd on Friday said it intends to invest Rs 9,500 crore over the next 10 years in Telangana on setting up research and manufacturing facilities for lithium-ion battery-making in the state.

The company on Friday signed a memorandum of understanding (MoU) with the Telangana government to set up research and manufacturing facilities for lithium-ion battery-making in Mahbubnagar district, Amara Raja Batteries said in a regulatory filing.

“Over the next 10 years, the company intends to invest over Rs 9500 crore, after necessary approvals,” it added.