Cygni To Infuse Rs 300 Crore In New Plant
The next-generation energy storage company, Cygni to invest about USD 40 million (over Rs 300 crore) to set up a greenfield manufacturing plant near Hyderabad. New facility would have a capacity of 40,000 batteries a year. The firm said that the new 1 gigawatt-hour annual capacity plant will quadruple the battery pack makers’ manufacturing capacity.
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