Walton Hi-Tech Industries PLC is set to build a Lithium-ion Cell manufacturing facility with an estimated cost of Tk 113.66 crore, aiming to reduce import dependence and offer competitive local products. Production is expected to begin by mid-2026. Despite a decline in net profit by 8.5% for the July-March period of FY24-25 due to inflation, high material costs, and currency devaluation, Walton is optimistic about the fourth quarter's performance, anticipating stronger profits due to peak sales.
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