Exide's lithium-ion cell project secures Rs 2,000 crore line of credit from banks
Exide Industries has also applied for regulatory approvals for the merger of its wholly-owned subsidiary Exide Energy Private Limited (EEPL) with Exide Energy Solutions (EESL) to bring all lithium battery business entities under a single roof. EEPL has a 1.5 GW fully automated lithium-ion battery packs and modules manufacturing plant at Prantij, Gujarat. EESL is the promoter of the lithium cell plant.
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