KP Group to invest over ₹5,000 crore in 10 GWh battery cell manufacturing
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓KP Group plans to invest over ₹5,000 crore to build a 10 GWh battery cell manufacturing facility in Gujarat.
- ✓The company expects the first phase to be operational by March 2028.
- ✓Affan Faruk Patel said, "We are entering battery cell manufacturing as battery energy storage systems become increasingly important."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
KP Group is expanding beyond renewable energy generation into battery cell manufacturing and energy storage, with plans to invest over ₹5,000 crore in a 10 GWh facility in Gujarat.
Gujarat-based renewable energy company KP Group is planning a 10 gigawatt-hour (GWh) battery cell manufacturing capacity with an investment of over ₹5,000 crore, with the first phase expected to be operational by March 2028.
"We are entering battery cell manufacturing as battery energy storage systems (BESS) become increasingly important. We plan to manufacture battery cells with a capacity of 10 GWh. We expect to launch it in around one to one-and-a-half years," Affan Faruk Patel, whole-time director, KPI Green Energy, a subsidiary of KP Group, told Business Standard in an interview.
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