📋 Tender Overview
Scope : To Establish Cathode Plant in India
Epsilon Advanced Materials (EAM), a global battery material solutions provider, is scouting for land to establish its Rs 5,000 crore cathode plant in India. The company is looking at five states including Karnataka, Tamil Nadu and Telangana to set up the facility and commence the commercial production by next year. The development comes close on the heels of EAM acquiring lithium-ion phosphate (LFP) cathode active material technology center in Germany during January this year.
They did an acquisition early this year for our cathode business, which requires lithium. They are engaging with states such as Karnataka, Telangana, Tamil Nadu, Gujarat and Odisha for setting up the cathode plant. They look at these five states as industrialisation is happening at a rapid pace and a lot of their customers are also present there and hope to declare their project in the next six months.
It would take about a year to build the plant, In 2026, they can be in commercial production. They are quite bullish that the way lithium-ion technology is developing, and the demand for anode and cathode in the next one decade both in India and globally, they would like to capture that market and commercialise by 2026.
