Mumbai, July 8 -- The company stated that this initiative marks a key milestone in its commitment to enhancing manufacturing capabilities in the battery energy storage solutions segment.

According to an exchange filing, for the proposed expansion, the company has secured a 9-year lease-from May 2025 to April 2034-for a land parcel measuring 3,912.15 sq. meters, which includes a covered shed area of 34,000 sq. ft.

The total planned capital expenditure for the project is Rs 25 crore. This will cover the setup of advanced plant and machinery, office infrastructure, HVAC systems, power capacity upgrades, anti-static flooring, warehousing, and other essential infrastructure required for high-end assembly and integration. The plant will have ...