The plant is expected to generate at least 1,000 jobs when it becomes fully functional.
Speaking to TNIE on the sidelines of Investopia Global in Chennai on Wednesday, LOHUM's head of Corporate Development Sachin Maheshwari said the facility will be set up on 65 acres of land and the investment will be made over a period of six years.
"We are looking at a capacity of 20 gigawatt hour of cathode active materials (CAMS) production which is used for cell manufacturing for being used in batteries," he said.
"We are now setting up the plant and the factory will be set up in the next 18 months. The company plans to supply locally but exports cannot be ruled out," he said.
Denne historien er fra July 25, 2024-utgaven av The New Indian Express.
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Denne historien er fra July 25, 2024-utgaven av The New Indian Express.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Harmanpreet & Co seek quick turnaround against Pakistan
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