Automotive battery major Amara Raja Batteries on Friday announced that it has signed a memorandum of understanding (MoU) with Telangana government to setup a research and manufacturing facilities for lithium-ion battery. The facility will be set up at Mahbubnagar district, Telangana. The company plans to invest over ₹9500 crores, in the next ten years. “Over the next 10 years, the company intends to invest over INR 9500 crores, after necessary approvals,” said Amara Raja Batteries in its…
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