Epsilon Group To Invest Rs 153 Bn In EV Battery Plants In Karnataka

14 Feb 2025 CW Team

A Memorandum of Understanding (MoU) with the Government of Karnataka (GoK) has been signed to this effect at the Invest Karnataka Summit in Bengaluru, Epsilon said.

This strategic investment, planned over the next 10 years, will bolster India's Electric Vehicle (EV) ecosystem, creating thousands of jobs, and strengthen India's position as a hub for advanced battery technology, it said.

As part of the MoU, Epsilon Group, along with its subsidiaries Epsilon Advanced Materials and Epsilon CAM Pvt Ltd will manufacture sustainable and high-performance Graphite Anode and Lithium Iron Phosphate (LFP) Cathode battery materials while Inspire Energy Research Center Pvt Ltd will focus on R&D, testing and training for EV battery materials and battery manufacturers. This initiative supports Karnataka's ambition to become India's energy transition hub, making the state a key destination for battery materials production, Epsilon said.

Epsilon Group will cater to Indian battery manufacturers, enabling them to access locally produced, high-performance materials to enhance supply chain resilience and support India's growing EV market.

He further said that the group is committed to creating jobs, fostering technology innovation, and promoting sustainable manufacturing to drive economic growth within the state to strengthen the vision of Viksit Bharat.

To meet the rising demand for EVs in India, Epsilon Group will act as a sustainable and reliable manufacturer of Graphite Anode and LFP Cathode materials, reducing dependence on imports and supporting Indian cell manufacturers in achieving higher Domestic Value Addition (DVA), the company said.

Epsilon can deliver 100 per cent DVA for anode materials, while cathode materials achieve 60per cent DVA, significantly enhancing local value creation and supply chain localisation.

The company said its investment is a crucial step toward reducing India's reliance on Chinese imports and building a localised, self-sufficient battery material ecosystem. By establishing Graphite Anode and LFP Cathode manufacturing plants, alongside an advanced R&D and testing center, Epsilon is ensuring that India develops indigenous capabilities in battery technology, it added.

It also said the investment will secure a sustainable supply of critical battery materials for domestic and international EV manufacturers, strengthen India's position as a global battery hub, reduce import dependency and enhance energy security to support the Atmanirbhar Bharat & Viksit Bharat vision.

Image Source: ET Auto

A Memorandum of Understanding (MoU) with the Government of Karnataka (GoK) has been signed to this effect at the Invest Karnataka Summit in Bengaluru, Epsilon said. This strategic investment, planned over the next 10 years, will bolster India's Electric Vehicle (EV) ecosystem, creating thousands of jobs, and strengthen India's position as a hub for advanced battery technology, it said. As part of the MoU, Epsilon Group, along with its subsidiaries Epsilon Advanced Materials and Epsilon CAM Pvt Ltd will manufacture sustainable and high-performance Graphite Anode and Lithium Iron Phosphate (LFP) Cathode battery materials while Inspire Energy Research Center Pvt Ltd will focus on R&D, testing and training for EV battery materials and battery manufacturers. This initiative supports Karnataka's ambition to become India's energy transition hub, making the state a key destination for battery materials production, Epsilon said. Epsilon Group will cater to Indian battery manufacturers, enabling them to access locally produced, high-performance materials to enhance supply chain resilience and support India's growing EV market. He further said that the group is committed to creating jobs, fostering technology innovation, and promoting sustainable manufacturing to drive economic growth within the state to strengthen the vision of Viksit Bharat. To meet the rising demand for EVs in India, Epsilon Group will act as a sustainable and reliable manufacturer of Graphite Anode and LFP Cathode materials, reducing dependence on imports and supporting Indian cell manufacturers in achieving higher Domestic Value Addition (DVA), the company said. Epsilon can deliver 100 per cent DVA for anode materials, while cathode materials achieve 60per cent DVA, significantly enhancing local value creation and supply chain localisation. The company said its investment is a crucial step toward reducing India's reliance on Chinese imports and building a localised, self-sufficient battery material ecosystem. By establishing Graphite Anode and LFP Cathode manufacturing plants, alongside an advanced R&D and testing center, Epsilon is ensuring that India develops indigenous capabilities in battery technology, it added. It also said the investment will secure a sustainable supply of critical battery materials for domestic and international EV manufacturers, strengthen India's position as a global battery hub, reduce import dependency and enhance energy security to support the Atmanirbhar Bharat & Viksit Bharat vision.Image Source: ET Auto

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Infrastructure Urban

06 Apr 2026

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Infrastructure Energy

06 Apr 2026

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..