Allox Advance Materials Private Limited will be setting up India’s first multi-gigawatt C- LFP active battery production unit in Telangana.
Hyderabad: Allox Advance Materials Private Limited will be setting up India’s first multi-gigawatt C- LFP (Cathode-Lithium Iron Phosphate) active battery material production unit in Telangana.
The company has signed a memorandum of understanding (MoU) with the Telangana government on the sidelines of the World Economic Forum 2023 in Davos.
The manufacturing unit of Lithium Iron Phosphate (C-LFP) will be set up with an investment of Rs 210 crore and will have an initial capacity of 3GWH per annum.
The unit can be expanded to a capacity of 10GWH with a total investment outlay of Rs 750 crores by 2030.
