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Storage battery major Exide Industries will be investing ₹1,400 crore over the next two years. Of that, the company plans to invest ₹700 crore at Haldia in West Bengal to introduce high-performance automotive batteries with punch-grid technology, which the company will be getting from East Penn of US. The company has been scouting for 25 acres of land in Haldia and is in talks with Haldia Port Trust authorities. The funding would be done internally.
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