Automotive and industrial battery maker Exide Energy has sought additional 40 acres of land from the Karnataka government in Devanahalli Industrial Area for the setting up the second phase of its proposed Rs 6,000-crore 12 gigawatt-hour lithium-ion cell manufacturing unit.
The company expects the first phase – a 6 gigawatt-hour plant – to be completed in 2024, with an estimated investment of Rs 4,000 crore. The second phase will evidently double the capacity.
Talking of the progress with the first phase, MB Patil, Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka said,
