Okaya to invest Rs 50 cr for setting up SMF Battery Plant in HP
New Delhi, Sept 11 (UNI) Okaya Power Limited, the manufacturers of Okaya Inverters and UPS Specialist Batteries will invest Rs 50 crore to set up a state-of-the-art manufacturing plant in Himachal Pradesh with a capacity of 8.4 lacs SMF batteries per year.
The commercial production is expected to start by November 8, a company statement today said.
The new plant will be equipped with latest and most advanced sophisticated equipments imported from various countries and will cater to the needs of various sectors such as telecom, railways, UPS, inverters, photovoltaic, electric vehicles, it added.
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