Exide Industries plans to develop greenfield facility in Bengaluru
Battery maker Exide Industries has plans to develop a multi-gigawatt-hour (GWh) greenfield lithium-ion cell manufacturing project in Bengaluru. It plans to invest Rs 1,400 crore this fiscal for the first phase of the project.
The firm expects revenue to start flowing in from the Bengaluru plant by the third quarter of the current financial year. This comes after the firm has already invested around Rs 4,800 crore in the lithium-ion cell manufacturing plant in Bengaluru.
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