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Tata unit inks £750 million loan to build UK’s largest battery plant

  • Tata unit, Agratas Energy Storage Solutions Pvt, has secured a £750 million loan for building the UK's largest battery plant.
  • About 15 banks have signed the two-year bridge loan deal for Agratas.
  • The loan is priced at a spread over the Sterling Overnight Index Average (SONIA).
  • The battery plant will be the biggest in the UK and is expected to contribute to the country's automotive sector.

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