Attero to invest Rs 300 cr to boost Li-ion battery recycling capacity
POWER & RENEWABLE ENERGY

Attero to invest Rs 300 cr to boost Li-ion battery recycling capacity

Attero, an E-waste recycling firm makes plans for making an investment worth Rs 300 crore for increasing its current lithium-ion battery recycling capacity. According to an official, the capacity will be increased to 11,000 tonne in 2022.

Market estimates state that India is generating over 50,000 tonne of lithium-ion battery waste each year and the growing range is between 40 to 80% which depends on the different models being utilised for computing E- vehicle growth in India, CEO, and co-founder, Attero Recycling, Nitin Gupta.

He further said that by the end of the year 2022, the company will be approximately 22 % of the existing market size. The company is making new investments and will be having a significant amount of investment for building up the given capacity. They have plans to make an investment of Rs 300 crore.

Along with the lithium-ion recycling capacity, the company earlier stated to almost double the complete electronic waste recycling capacity, from 1.44 lakh metric tonne to 3 lakh metric tonne by the end of 2022.

He said that with the transition to electric vehicles, the country will be saving forex spent on petrol import as well as the expenditure for the import of lithium-ion batteries from China.

Ensuring the growth of recycling infrastructure in India, meeting its current local demand, and making the country self-sufficient in battery materials is what the company is working on.

Image Source

Attero, an E-waste recycling firm makes plans for making an investment worth Rs 300 crore for increasing its current lithium-ion battery recycling capacity. According to an official, the capacity will be increased to 11,000 tonne in 2022. Market estimates state that India is generating over 50,000 tonne of lithium-ion battery waste each year and the growing range is between 40 to 80% which depends on the different models being utilised for computing E- vehicle growth in India, CEO, and co-founder, Attero Recycling, Nitin Gupta. He further said that by the end of the year 2022, the company will be approximately 22 % of the existing market size. The company is making new investments and will be having a significant amount of investment for building up the given capacity. They have plans to make an investment of Rs 300 crore. Along with the lithium-ion recycling capacity, the company earlier stated to almost double the complete electronic waste recycling capacity, from 1.44 lakh metric tonne to 3 lakh metric tonne by the end of 2022. He said that with the transition to electric vehicles, the country will be saving forex spent on petrol import as well as the expenditure for the import of lithium-ion batteries from China. Ensuring the growth of recycling infrastructure in India, meeting its current local demand, and making the country self-sufficient in battery materials is what the company is working on. Image Source

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code