Attero Recycling to invest Rs 300 cr in lithium battery capacity

15 Jan 2022 CW Team

Attero Recycling has planned to invest Rs 300 crore in growing its lithium-ion battery recycling capacity to 11,000 million tonnes per annum (mtpa) from 1,000 mtpa by October 2022.

Nitin Gupta, CEO and co-founder of Attero Recycling, told the media that the company would increase its e-Waste capacity via franchise route.

He said that the company is already setting up plants to recycle e-Waste at 14 locations by December 2022.

He added that the company would ramp up its e-Waste capacity by 1,56,000 metric tonnes per year to 3 lakh metric tonnes by December 2022 through franchisees.

India generates more than 50,000 tonnes of lithium-ion battery waste each year. The company envisions getting 22% of the total potential market size by October 2022.

Gupta said that the company might sign a deal with Tesla for the supply of recycled products. Attero Recycling has raised Rs 140 crore, including Rs 25 crore debt.

The company focuses on producing sustainable materials like cobalt, nickel, tin, copper, silver and gold, completing the circular economy value chain.

The company's market share of automobiles and original electronic manufacturers (OEMs) is 90%. The company has partnered with MG Motors to recycle lithium-ion batteries fitted in the brand's ZS electronic vehicle (EV) units.

Gupta said that the company is looking at an initial public offering (IPO) in the next two to three years.

Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..