📋 Tender Overview
Scope : To Set up Research and Development, and a Greenfield Manufacturing Facility for Lithium-ion Battery-Making in Mahbubnagar district of Telangana.
Amara Raja Batteries Limited (ARBL) will be investing over Rs 9,500 crore, over a period of 10 years for setting up research and development, and a greenfield manufacturing facility for lithium-ion battery-making in Mahbubnagar district of Telangana.
The investment will push Amara Raja towards its next phase of growth and also support the growth of Telangana in taking ahead the objective of becoming a hub for EV sector.
The proposed facility will have a Lithium Cell Gigafactory with ultimate capacity up to 16 GWh and a battery pack assembly unit up to 5 GWh.
The upcoming facilities are expected to provide employment opportunities to about 4,000 people over a period of time.
The overall investment of Rs 9,500 crore is expected to be in at least four or five phases and the investment cycle for the first phase may take at least another two to three years time frame depending on how the project gets implemented.
The initial phase could entail an investment of around anywhere between Rs 1,500 crore to Rs 2,000 crore and that will be funded entirely through the internal accruals of Amara Raja Batteries Ltd.
