"amara-raja"

Andhra Pradesh Minister Nara Lokesh expressed regret over the treatment of Amara Raja during the previous YSRCP government, saying alleged harassment forced the company to shift its Rs 9,500-crore lithium-ion Giga Corridor project to Telangana, costing the State jobs and investment.

Urges Chief Minister Revanth Reddy, to prioritise policy continuity and avoid jeopardising 'Brand Telangana' due to political differences

The battery maker had signed a MoU with the previous BRS government for investing 9,500 crore, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana

The battery maker had signed a MoU with the previous BRS government for investing 9,500 crore, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana

Amara Raja Energy and Mobility informed that it is acquiring around 4.5 per cent stake in InoBat AS and after acquisition, the stake of the company will increase to 9.32 per cent.

Rama Rao said the Telangana Government was working to secure supplies of lithium salts as emphasis was on build EV and ESS ecosystem.

Executive Director, Amara Raja Batteries, Vikramadithya Gourineni said that the E-hub is part of Rs. 9, 500 crore Giga corridor initiative.

This big investment comes just within four days after Amara Raja Batteries on December 2 announced to invest about Rs 9,500 crore over ten years in setting up a lithium cell Giga factory in Mahbubnagar district.