Govt keen to set up Lithium Cell plant at Devanahalli: Minister Patil

NT Correspondent

Bengaluru: Exide Energy, which has undertaken the work of setting up a lithium battery cell plant at Devanahalli Industrial Area 2nd phase, intends to double its production capacity and has sought an additional 40 acres of land in this connection.

The company leadership team led by Managing Director and CEO Dr Mandar V. Deo met large and medium industries minister MB Patil on Monday and submitted a proposal in this regard.

“The company has taken up the work of setting up a plant of 6,000 gigawattshour production capacity in Devanahalli Industrial Area 2nd phase. The work is in progress and operations are likely to commence in 2024. In addition to this, the company wants to add another 6,000 gigawatts-hour of production capacity. The investment for the two plants would be Rs. 6,000 crore,” Patil explained.

Welcoming the proposal, the minister said that the government which wants to facilitate the growth of the EV sector in the state, would decide on this after reviewing the proposal.

The company has plans of initiating the setting up of the proposed second plant in the year 2024, he added.

S Selva Kumar, Principal Secretary, Gunjan Krishna, Commissioner, Department of Industries & Commerce, and Veerabhadra, Head (HR), Exide Energy were present.