Agratas Energy Storage Solutions, a subsidiary of Tata Sons, is reportedly in discussions with banks to secure a green loan of up to $500 million. The funds are intended for Agratas’ battery cell factories in India and the U.K., which are designed to operate on clean energy. The loan’s tenure is expected to exceed five years. This move aligns with India’s broader efforts, supported by Prime Minister Narendra Modi, to enhance capabilities in various technologies, including batteries, to diversify supply chains and reduce dependence on China. Tata Sons declined to comment on the potential deal.
Agratas, Tata’s Battery Unit, in Talks for $500 Million Green Loan
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