Tata Secures $990 Million Loan for UK’s Largest Battery Plant
ECONOMY & POLICY

Tata Secures $990 Million Loan for UK’s Largest Battery Plant

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, makin...

A unit of Tata Sons Pvt. has secured a £750 million ($990.79 million) loan to build what could become the largest battery manufacturing facility in the UK. Agratas Energy Storage Solutions Pvt., a unit of Tata Sons, signed the two-year bridge loan agreement with a consortium of 15 banks, making it one of the top three foreign currency loans for an Indian company in 2025.The loan will fund the construction of a battery cell factory in the UK, which is expected to meet nearly half of the automotive sector's projected battery capacity needs by the early 2030s. The loan deal is priced based on the Sterling Overnight Index Average (SONIA), with disbursements still ongoing.This move comes amid a 23 per cent rise in foreign currency loans by Indian borrowers, totalling $6.6 billion year-to-date, reflecting growing global demand for manufacturing infrastructure. Agratas, with factories in India and the UK, is poised to play a key role in the UK's energy storage and electric vehicle market.

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Equipment

Liebherr Cranes Rapidly Progress on Scandinavia’s Second Tallest Tower

An impressive structure has emerged at remarkable speed in Karlskrona. Standing at a height of 200 metres, the NKT Tower 3 is the second tallest tower in Scandinavia. Two Liebherr cranes, a 542 HC-L 12/24 Litronic and a 258 HC-L 10/18 Fibre, are a key part of this ambitious construction project. The tower which is built by Skanska will be an integral part of the world’s largest high-voltage submarine cable factory, which will supply wind turbines and solar parks with essential components. Weighing 28,000 tonnes in total, the NKT Tower 3 is a feat of engineering.Liebherr Tower Crane Center an..

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Resources

GCCIA Concludes AI Forum in Kuwait with Discussions on Enhancing Power

The Gulf Cooperation Council Interconnection Authority (GCCIA), concluded its two-day regional forum held on April 29–30, 2025, under the theme, “Empowering the Future Grid: Exploring the Application of Generative AI in GCC Power Systems,” which took place in Kuwait City. The event brought together a distinguished group of global technology leaders, including GCCIA, the Saudi Electricity Company, ENOWA (NEOM’s Energy and Water Company), GCC energy authorities and utilities, as well as Microsoft, NVIDIA, Oracle, and EPRI Gulf (Electric Power Research Institute), alongside representative..

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Resources

Hindustan Zinc Accelerates Research in Emerging Zinc Battery Tech

Hindustan Zinc Limited, India’s only and the world’s largest integrated zinc producer, sees early breakthrough in the research of next-generation zinc-based battery technologies. The research targets delivering higher energy efficiency, improved safety and longer operational life. The company is pioneering emerging zinc battery technology to support the ongoing clean energy transition.Zinc has emerged as a powerful alternative to lithium owing to its abundance, stability and cost effectiveness. While the lithium market continues to face supply constraints and rising costs, zinc-based syste..

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