Exide to invest additional funds in lithium unit
It is setting up a green field multi-gigawatt lithium-ion cell manufacturing facility in India. To meet the funding requirement of EESL, the board had earlier approved a limit of INR 1,900 crore. The company has so far invested INR 1,530 crore in the equity share capital of EESL. After the latest investment decision, the total equity investment will add up to INR 3,000 crore in EESL.
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