Rs 15,000 crore capex plan; This LIC-backed power company announces capacity increase to meet rising energy demand, also plans to start battery storage manufacturing to enter the electric market Rs 15,000 crore capex plan; This LIC-backed power company announces capacity increase to meet rising energy demand, also plans to start battery storage manufacturing to enter the electric market The company aims to increase its capacity to 20 gigawatts (GW) by FY30 from the current 7.2 GW, with a planned capital expenditure of Rs 15,000 crore for the current financial year. Rakesh Deshmukh / Wednesday, May 8, 2024 0 6048 Article rating: 4.3 The company is also planning to start battery storage manufacturing to enter the electric vehicle market. In March, it secured a deal with Solar Energy Corporation of India for a battery energy storage project. Read more