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Investment deal signed for batteries and EVs plant in Andhra Pradesh

Thu, 03/07/2019 - 11:52 -- John Shepherd
J. Krishna Kishore (left) signs the MOU with Urja Global’s director and chief financial officer Avinash Kumar Agarwal.

Indian Renewables developer Urja Global is investing the equivalent of US$28 million to build a combined electric vehicle and lithium-ion battery manufacturing plant in the state of Andhra Pradesh.

Urja’s has signed a memorandum of understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to build the facility in one of three shortlisted cities— Anantapur, Nellore, and Chittoor.

The APEDB said the plant will produce “high technology lithium-ion Batteries and EVs for the electric mobility ecosystem”.

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