Saturday, September 23, 2023
HomeIndustriesTecchren Batteries Breaks Ground for Chamarajanagar Unit

Tecchren Batteries Breaks Ground for Chamarajanagar Unit

- Advertisement -

Tecchren Batteries to invest Rs. 480 Crores in the first phase and ramp up the investments to Rs. 2000 Crores in a phased manner.

On 22-Jan-2022 we carried an article about the proposal of Tecchren Batteries to set up an Advanced Lithium Ferro Phosphate (LiFePO4) battery manufacturing unit at Chamarajanagar

It is available here to read-Tecchren Batteries Proposes To Build A Plant To Make Lithium Ferro Phosphate Batteries At Chamarajanagar

- Advertisement -

The latest update is that the Bhoomi pooja, marking the beginning of the construction works. The groundbreaking ceremony was performed by Deputy Chief Minister DK Shivakumar on 27-08-2023.

Tecchren Batteries Private Limited has initiated construction on its new manufacturing unit in Chamarajanagar with a groundbreaking ceremony. The company is set to introduce distinctive batteries using a novel proprietary technology. These batteries, once manufactured, will be 100% recyclable, non-toxic, and powered by AI. Thereby making them suitable for both electric vehicles and home power via inverters.

The overall cost of the project is Rs. 2000 Crores, and the first phase of investment with an estimation of Rs. 480 crores will see the light soon. It will create 200 direct jobs and many more indirect jobs. The project will come up on 40,000 square meters of land at the Badaganakuppe-Kellamballi Industrial Area. The production is set to commence within 12 months. By the time the company completes the Rs. 2000 crores of investment, the number of direct jobs at this manufacturing unit will rise to 1000.

- Advertisement -

In short, the company is investing in tomorrow’s technology today, and with the batteries being 100% recyclable, non-toxic, and AI-driven,  there will be enough takers for the products. It is good to see Chamarajanagar attracting such futuristic companies. With government support, more and more companies will line up to invest in Chamarajanagar in the near future.

Also Read:- Grasim Industries Limited To Invest Rs. 731.79 Crore On A Decorative Paint Project At Chamarajanagar

- Advertisement -

Leave a Reply

- Advertisment -

Most Popular