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Tata Agratas increases loan to more than £1 billion, pushes back repayment deadline as battery project accelerates

Friday, July 3, 2026 - 19:45
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Tata Agratas increases loan to more than £1 billion, pushes back repayment deadline as battery project accelerates
Tata Group's UK battery unit Agratas will draw £1.15 billion in loans, a 53% increase, with lenders extending the repayment deadline to September 2027 as the Somerset gigafactory nears completion. The expanded funding follows a £350 million UK government grant.

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