The biggest news on Tata’s largest battery plant
Tata Sons subsidiary Agratas Energy Storage Solutions Pvt. has taken a foreign currency loan of £750 million (about ₹7,700 crores) to build the largest battery manufacturing plant ever in the UK. This loan has been taken in the form of a two-year bridge loan, in which about 15 international banks have participated.
What are the special features of this deal? Loan amount: £750 million (~$990.79 million). Time frame: It is a two-year bridge loan. Interest rate: With a premium over SONIA (Sterling Overnight Index Average).
Objective: To build Tata’s largest battery plant in the UK.
Company: Agratas Energy Storage Solutions – a wholly-owned unit of Tata Sons.
What will Tata build in Britain? Agratas is building a state-of-the-art EV battery manufacturing plant in the UK that will be able to supply up to 50% of the country’s automotive battery needs by the 2030s. This plant will strengthen Britain’s electric mobility strategy, as well as create thousands of job opportunities.
Increasing trend of foreign currency loans – So far in 2025, Indian companies have taken foreign currency loans worth up to $6.6 billion. This is 23% more than the same period last year. This deal of Tata is among the top-3 foreign loans of this year.
Overall – This deal shows that Tata Group is seriously investing in EV and energy storage globally. This will also strengthen India’s image as a sustainable energy technology leader. This deal of Tata Sons not only strengthens its presence in the UK, but is also another big step towards global leadership in green energy and electric mobility by India.
