+
Rs 425.32 Billion Lithium Refinery to Launch in Nagpur in 2025
POWER & RENEWABLE ENERGY

Rs 425.32 Billion Lithium Refinery to Launch in Nagpur in 2025

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)    

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)    

Next Story
Infrastructure Transport

Syama Prasad Mookerjee Port Partners to Redevelop Nimtala Ghat

Kolkata: Syama Prasad Mookerjee Port, Kolkata (SMPK), signed a Memorandum of Understanding (MoU) on Tuesday with PS Group Realty Private Limited to redevelop and beautify Nimtala Ghat as part of PS Group’s Corporate Social Responsibility (CSR) initiative.The agreement was formalised at SMPK’s Head Office at 15, Strand Road, in the presence of SMPK chairman Rathendra Raman, deputy chairman Samrat Rahi, PS Group directors Saurav Dugar, Gaurav Dugar, Arun Sancheti, and senior SMPK officials.Under the MoU, PS Group will undertake the full redevelopment and permitted construction of Nimtala Imm..

Next Story
Infrastructure Urban

CSIR-NCL and Covestro Collaborate to Upcycle Polyurethane Waste

In a move towards sustainable plastic waste management, Pune-based CSIR-National Chemical Laboratory (CSIR-NCL) signed a Memorandum of Understanding (MoU) with Covestro (India) Private Limited on Wednesday to develop innovative upcycling technologies for polyurethane waste.Polyurethane is notoriously difficult to recycle, with current methods often proving inefficient, costly, and environmentally harmful. This collaboration aims to address existing challenges, including high energy usage and deterioration of material quality during recycling.Ashish Lele, director of CSIR-NCL, stated, “This p..

Next Story
Infrastructure Urban

Torrent Pharma Seeks CCI Approval for Rs 195 Billion JB Chemicals Deal

Ahmedabad-based Torrent Pharmaceuticals has sought clearance from the Competition Commission of India (CCI) to acquire a majority stake in J B Chemicals and Pharmaceuticals in a Rs 195 billion deal.Upon completion, Torrent Pharmaceuticals will become India’s second most valuable pharmaceutical company.The move follows Torrent’s June announcement to acquire a majority stake in J B Chemicals for Rs 195 billion.“The proposed combination pertains to the acquisition of shareholding by Torrent Pharmaceuticals Ltd in J B Chemicals & Pharmaceuticals Ltd, followed by the merger of the target ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?