Here are the latest updates on Tata Group’s investment in its battery-making unit, Agratas:
- Tata Group Investment: Tata Group has invested ₹950 crore in its battery manufacturing unit, Agratas.
- Strategic Move: This investment aims to bolster Agratas’ capacity to produce advanced battery solutions for the automotive and energy sectors.
- Green Loan: Agratas is in discussions with banks to secure an extra $500 million via a green loan to support factory development.
- Potential IPO: Tata Group is considering spinning off Agratas as an independent unit and potentially listing it on the Mumbai stock exchange.
- Anchor Customers: Tata Motors and Jaguar Land Rover (JLR) are the primary customers for Agratas’ battery solutions.
- Sustainability Focus: The investment aligns with Tata Group’s commitment to advancing electric mobility and renewable energy.
- Technological Collaboration: Agratas has partnered with Tata Technologies to accelerate the development and industrialization of its battery solutions.
- Market Valuation: The potential IPO value Agratas between $5 billion to $10 billion, depending on market conditions.
- Future Prospects: This strategic investment is expected to enhance Agratas’ competitive edge in the global battery market.
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