JSW Energy is reportedly planning to invest around Rs 4,000 crore for setting up a manufacturing facility to make electric vehicles in Gujarat. In this regards, the company has signed Memorandum of Understanding (MoU) with the State government.
The plant, to be set up at Vanod near Dasada in Surendranagar district, will also manufacture electric batteries, electrical storage solutions and charging infrastructure. The facility is expected to generate 2,000 direct and 4,000 indirect jobs.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
