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

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?