Business · India Bureau
KP Group to invest ₹5,000 crore in battery cell manufacturing
The Gujarat-based renewable energy company plans to establish a 10 GWh battery cell manufacturing facility, with initial operations commencing by March 2028. The expansion signals growing domestic capacity in energy storage technology amid India's push toward renewable energy targets.
LSN India ·
KP Group, a prominent player in the renewable energy sector, has announced plans to deploy over ₹5,000 crore toward the development of a battery cell manufacturing facility with a 10 gigawatt-hour capacity. The facility will be a significant addition to India's emerging battery storage ecosystem, addressing growing demand from the country's expanding renewable energy infrastructure.
The company intends to commission the first operational phase by March 2028, positioning itself to serve India's domestic market during a period of accelerating clean energy adoption. The timeline aligns with India's ambitious renewable energy capacity expansion targets and the government's push to reduce dependence on imported battery technology.
Beyond its domestic operations, KP Group has outlined plans to extend its battery storage business into international markets. The company aims to establish a presence across Africa and Europe following 2030, capitalizing on the global transition toward renewable energy systems and decentralized power storage solutions.
The investment underscores growing confidence among Indian renewable energy enterprises in scaling up battery manufacturing capabilities. As nations worldwide intensify efforts to transition away from fossil fuels, demand for advanced battery storage technology continues to rise, presenting opportunities for domestic manufacturers to establish competitive footholds in both regional and global markets.