PowerMetz Energy, a wholly-owned subsidiary of Mercury Ev-Tech (BOM:531357), has commissioned a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus in Gujarat, India, according to a BSE filing on Tuesday.
The company has placed an order for a fully robotic, high-throughput production line from a Chinese equipment provider.
The equipment is expected to reach the Vadodara campus by the end of April and pilot production is scheduled to begin mid-May.
The unit will produce lithium iron phosphate, nickel manganese cobalt, sodium-ion cells, and supercapacitor modules.
Shares of the company were up over 3% in recent trade.
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