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IBC signs $971.89M pact with Karnataka to build battery manufacturing facility
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Reuters, MB Patil further noted that the manufacturing facility will be spread across 100 acres in the state, said in a post on social media platform X. Bloomberg News reported on Tuesday that the company would manufacture lithium-ion cells at the facility.
As per a report from Bloomberg News, IBC intends to commence production at the Karnataka facility by 2025. Gunjan Krishna, the commissioner at Karnataka's Industries and Commerce Department, revealed that the private company has ambitious plans to scale up its capacity to 10 gigawatts by the year 2028.
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