Aditya Birla Group’s Hindalco NSE 0.25 % on Monday said that it has signed a memorandum of understanding with Israel’s metal-air battery technology pioneer Phinergy to develop and pilot the production of aluminium plates for aluminium-air batteries in India.
IOC NSE 0.56 % Phinergy, a joint venture between Phinergy and Indian Oil Corporation NSE 0.56 %, is also party to the agreement.
