US-based Ohmium International to invest Rs 400 crore in Tamil Nadu; signs MoU

Quick Summary:

Tamil Nadu Chief Minister M K Stalin has announced that US-based Ohmium International will invest Rs 400 crore to set up a manufacturing facility in Chengalpattu district.

The agreement marks a major step in promoting green energy production in the state and is anticipated to generate 500 new jobs.

In 2023, the company raised $250 million in Series C financing, led by TPG Rise Climate, the website said.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaUnited States

Topics: TN Rs 400 crore Ohmium International Invest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-01 @ 19:36:51 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 293 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22320728

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