AP Approves Rs 2,550 Cr Cathode Plant in Chittoor
Key Highlights
Andhra Pradesh approves Rs 2,550 Cr investment for a cathode material plant in Chittoor, boosting the EV and electronics sectors. Localized battery component production.
Andhra Pradesh’s electronics and battery sector is poised for significant growth following the state government’s approval of a Rs 2,550 crore investment by NSPSL Speciality Chemicals.
The investment will facilitate the establishment of a cathode material manufacturing facility in the Chittoor district. This project is strategically important for localizing the production of key battery components, which is expected to bolster the expansion of both electric vehicle and consumer electronics industries in the region.
The new facility is expected to reduce the reliance on imported components and create new opportunities within the state’s manufacturing sector.