Urja Global has signed a memorandum of understanding with Andhra Pradesh Economic Development Board (APEDB) for setting up a new plant to manufacture electric vehicles and lithium-ion batteries.
Under this MoU, Urja Global plans to invest ₹ 200 crore and expects to create 250 direct and over 1,000 indirect jobs. The company has shortlisted Anantapur, Nellore, and Chittoor for the unit.
The MoU was signed by J. Krishna Kishore, Chief Executive Officer of APEDB and Avinash Kumar Agarwal, Chief Financial Officer and Director of Urja Global Ltd.
