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HBL Nife Setting up Battery Units in Andhra
HBL Nife Power Systems Ltd., a manufacturer of
specialized batteries and electronics in India,
is setting up three battery manufacturing facilities
in Andhra Pradesh near Mahboobnagar, in Vizag
SEZ and near Vizianagaram. A new electronics R&D
and manufacturing facility, on the outskirts of
Hyderabad, is included.
The company is raising funds to finance its expansion
plans and to comply with listing agreement terms.
HBL Nife intends to get its shares listed with
NSE.
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