Hyderabad, Dec. 2 -- Amara Raja Batteries Ltd announced on Friday that it plans to invest Rs 9,500 crore in Telangana over the next ten years to establish research and manufacturing facilities for the state's lithium-ion battery industry.

Amara Raja Batteries announced in a regulatory filing that the business and the Telangana government signed a memorandum of understanding (MoU) on Friday to establish research and manufacturing facilities for lithium-ion battery production in the Mahbubnagar district.

KTR termed the move as 'yet another historic win for Telangana'.

"Yet another historic win for Telangana Amara Raja to setup India's largest Lithium Ion Cell Manufacturing facility till date with an investment of Rs.9,500 Cr, further rei...