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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..