Rs 425.32 Billion Lithium Refinery to Launch in Nagpur in 2025

28 Jan 2025 CW Team

Nagpur is set to host India’s first lithium refinery and battery manufacturing facility, backed by an investment of Rs 425.32 billion, according to an official release on Saturday. The Maharashtra government signed an agreement with Vardhaan Lithium (I) Pvt. Ltd at Davos, Switzerland, to establish the state-of-the-art refinery in Butibori, Nagpur.

Vardhaan Lithium stated that the project marks a transformative milestone for India's energy and industrial sectors. The refinery aims to reduce India’s reliance on lithium imports by creating a robust domestic supply chain and strengthening the nation’s position in global energy markets.

Spanning 500 acres, the facility will have an annual refining capacity of 60,000 tonnes of lithium and a production capability of 20 GWh of batteries. This capacity is expected to play a pivotal role in meeting India’s rising demand for lithium-based products, powering vehicles, homes, and industries.

Sunil Joshi, Chairman of Vardhaan Lithium, emphasised that the refinery will not only meet domestic demand but also position India as a leader in clean energy solutions. He added that the advanced facility represents a significant step toward achieving self-sufficiency in critical energy resources and contributing to the country’s clean energy goals.

(ET)

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..