Li-ion plant: Exide Energy plans to double production capacity, seeks 40 acres

June 2, 2024

ET Online and AgenciesRepresentative image.

Battery maker Exide Energy has proposed to double its production capacity at its upcoming li-ion factory near the international airport, and requested the state government to allot an additional 40 acres of land.

The company’s leadership team led by Managing Director Mandar V. Deo met Industries Minister MB Patil on Monday and submitted a formal proposal in this regard.

The company has already taken up the work of setting up a plant of 6 Gigawatts-hours (GWh) production capacity at the second phase of the Devanahalli Industrial Area. The work is in progress and operation is likely to commence next year. In addition to this, the company is planning to add another 6 Gigawatts-hours (GWh) of production capacity. The total investment for the two plants would be about Rs. 6,000 crore, the minister said.

The minister said the government will examine the request for land after vetting the proposal.

Principal Secretary (Industries) S Selva Kumar and Industries Commissioner Gunjan Krisna and Exide Energy executives were present during the discussions.

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