+
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

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?