Lithium Ion Battery Tender

Scope : To Set up Li-ion Battery Components Manufacturing Facility in Odisha.

Himadri Speciality Chemical will invest Rs 4,800 crore to foray into the manufacturing of Lithium-ion battery components. The outlay will be spread over the next five to six years.

The plant's total annual production capacity will be 200,000 MT either directly or through its subsidiaries. It will be financed from internal accruals and balance from debt. The facility will enable the indigenisation of Lithium-ion battery raw materials for global and Indian electric vehicles (EVs). It is also expected to reduce the dependency on fossil fuels.