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Livguard looks to incur ₹3,360-cr capex in 5 yrs
Financial Express Mumbai
|December 10, 2024
The energy storage firm plans to raise around ₹1,697 cr-₹2,121 cr in the next financial year, which will be used for increasing production capacity at its new facilities
ENERGY STORAGE AND solutions company Livguard is planning to incur a capital expenditure of ₹3,360 crore ($400 million) to increase its battery capacity to 25 gigawatt hours (GWh) in the next five years.
The company plans to fund the expenditure with around ₹1,270 crore to ₹1,697 crore in equity and a similar amount in debt, said Rakesh Malhotra, founder, Livguard.
This story is from the December 10, 2024 edition of Financial Express Mumbai.
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