Karnataka- Epsilon Group to Invest Rs 153.5 Bn in Karnataka
ECONOMY & POLICY

Karnataka- Epsilon Group to Invest Rs 153.5 Bn in Karnataka

Epsilon Group has signed an MoU with the Karnataka government to invest Rs 153.5 billion in EV battery materials manufacturing. The investment includes Rs 90 billion for a graphite anode plant, Rs 60 billion for a lithium iron phosphate cathode facility, and Rs 3.5 billion for R&D. Expected...

Epsilon Group has signed an MoU with the Karnataka government to invest Rs 153.5 billion in EV battery materials manufacturing. The investment includes Rs 90 billion for a graphite anode plant, Rs 60 billion for a lithium iron phosphate cathode facility, and Rs 3.5 billion for R&D. Expected to create 2,000+ jobs, the project aims to reduce India’s battery material imports. With EV sales tripling in 2023 and demand projected to reach 60 GWh by 2026, Epsilon’s facilities will boost India’s self-reliance in battery production, aligning with its 2030 goal of 30 per cent EV adoption.Contact: Epsilon GroupWebsite: www.epsilonam.comTel- (656) 281-0470

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Products

SOMANY unveils flagship Atelier showroom in New Delhi

SOMANY Ceramics has inaugurated its new flagship Atelier showroom in Rajouri Garden, New Delhi. Spread across 5,500 sq ft, the immersive showroom is aimed at architects, designers, and customers seeking cutting-edge tile and bathware solutions.The experience centre features SOMANY’s high-end collections including the Coverstone large-format slabs, Regalia finishes, and the Italian-inspired Italmarmi range. It also showcases the French Collection-Bathware with matte-finish fittings, as well as new tile lines like Colorato, Porto, and Sedimento. A dedicated EZY Fix zone offers end-to-end solut..

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Resources

Nestlé India goes digital and green with new Bhiwandi DC

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Technology

Simple Energy eyes Rs 30 billion IPO in FY27

Simple Energy is planning an Initial Public Offering in Q2–Q3 FY27 to raise Rs 30 billion (USD 350 million) as it focuses on profitability and manufacturing expansion. The clean-tech startup aims to achieve $96 million (Rs 800 crore) in revenue in FY26 and cross $180 million (Rs 1,500 crore) in cumulative revenue over the next 18 months.Founded in 2019, the company has recorded 500 per cent year-on-year growth and achieved gross margin breakeven within two years of commercial operations. It is targeting EBITDA positivity by FY26 and net profitability ahead of the IPO.Proceeds from the IPO wi..

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