Noida, Sept. 13 -- The Yamuna Expressway Industrial Development Authority (YEIDA) has issued a letter of intent (LoI) to Integrated Batteries India (IB Solar) for the allotment of 25 acres in Sector 8 to set up a 4 GW cell manufacturing facility.

The project, involving an investment of around Rs.3,000 crore, is expected to strengthen Uttar Pradesh's renewable energy ecosystem and attract large-scale investments along the Yamuna Expressway industrial corridor. The LoI follows a land facilitation request forwarded by Invest UP, the state's investment promotion agency.

In a letter issued on Friday, YEIDA CEO R.K. Singh confirmed the intent but noted that allotment would remain subject to state policies, recommendations from the Invest UP E...