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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..