August 11, 2018
Exide to invest Rs 550 crore for two projects in Bangla
Exide Industries, will invest over Rs 550 crore for setting up a recycling battery plant and expanding its existing facility in the State to manufacture Nickel-Cadmium batteries.
The expansion project will mainly produce high-end Nickel-Cadmium batteries in technical collaboration with Furukawa of Japan. These batteries have applications in bullet trains, metro rail and other critical installations. This plant will also produce lead acid batteries.
The investment will be over Rs 550 crore in these two projects. Both the projects will be completed in the next 12-18 months.
State Minister for Transport and Environment and Chairman of Haldia Development Authority Suvendu Adhikari laid the foundation for the two plants.