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Attero Recycling to invest Rs 300 cr in lithium battery capacity
Attero to infuse $1 bn to build Li-ion battery recycling plants
Attero Recycling Private Limited plans to invest $1 billion over the next five years to develop lithium-ion battery recycling plants in Europe, the US and Indonesia amid the metal surge and global shift to electric cars.
CEO and Co-Founder of Attero Recycling, Nitin Gupta, told the media that there is a tremendous amount of lithium-ion battery waste available for us to recycle. He said that by 2030, 2.5 million tonnes (mt) of lithium-ion batteries would reach the end of their life, and currently, there is a capacity for only 0.7 mt of battery waste to be recycled. He..
Adani Energy Acquires Essar's Transmission Assets
Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.
The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..
IEX Q4 Net Profit Grows 9.5%
The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.
The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..
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