Epsilon to produce 1 lakh tonnes of synthetic graphite anode by 2030

14 Apr 2021 CW Team

India’s first manufacturer of lithium-ion battery parts, Bengaluru-based Epsilon Advanced Materials Pvt, plans to invest Rs 6,000 crore to produce 100,000 tonne of synthetic graphite anode by 2030 or about 10% of the estimated global demand.

Vikram Handa, Managing Director of Epsilon, is betting big on converting coal tar into graphite anodes for electric car batteries in a bid to test China’s monopoly in the market.

Epsilon has secured a patent for the furnace design and expects to file another three patents this year. Currently, it exports precursor anode material to China, Japan and Europe. Anode materials are the negative electrode in lithium-ion batteries and account for a quarter of a cell’s components. China produces over 80% of the world’s supply of these anodes, importing raw materials from countries including India. Handa said if the adoption of EVs picks up in India and Tesla sets up a factory in the country, then a major chunk of the anodes will be utilised in the domestic market.

The company sources the raw materials from JSW Steel. Currently, India has some battery assembly plants but no cell manufacturers. According to a prominent media source, EVs account for about 5% of China’s annual car sales compared to less than 1% in India.

Several automakers in India have started producing or have announced plans to make EVs. The latest is Bhavish Aggarwal’s Ola Electric Mobility. Minister of Road Transport and Highways Nitin Gadkari in March promised to announce a comprehensive battery policy soon. Epsilon has been in talks with about eight firms that are planning to bid under the government’s project to supply the anode, Handa told the media.

Image Source

Also read: An EV every 2 sec from world’s largest 2-wheeler plant

Also read: Gadkari bats for li-ion, h-fuel cells to combat fuel prices

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..