+
 Epsilon to produce 1 lakh tonnes of synthetic graphite anode by 2030
POWER & RENEWABLE ENERGY

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

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code