Lohum Boosts Production with Investment

04 Jul 2024 CW Team

CEO Rajat Verma emphasized that this investment aligns with Lohum?s commitment to advancing green technology and addressing the increasing market demand for efficient and eco-friendly energy storage systems. The company?s focus on innovation and sustainable practices positions it as a key player in the transition towards renewable energy and reduced environmental impact.

Lohum?s expansion is expected to generate significant economic benefits, including job creation and contributions to the local and national economy. The enhanced production capacity will enable the company to cater to a broader range of customers, including EV manufacturers and renewable energy providers, thereby strengthening its market presence and competitiveness.

The investment also underscores Lohum?s dedication to environmental sustainability. By increasing its battery recycling capabilities, the company aims to minimize waste and promote the reuse of valuable materials, reducing the environmental footprint of battery production. This initiative supports global efforts to transition to a circular economy, where resources are efficiently utilized and environmental impact is minimized.

As part of its strategic growth plan, Lohum will continue to invest in research and development to drive innovation in energy storage technologies. The company?s commitment to cutting-edge solutions and sustainable practices ensures it remains at the forefront of the energy storage industry.

Overall, Lohum?s ?1200 crore investment marks a significant milestone in its journey towards expanding production, enhancing sustainability, and contributing to the growth of the renewable energy sector. This move not only positions Lohum for future success but also underscores its role in advancing green technology and sustainable energy solutions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Lohum, a leading energy storage solutions provider, is set to significantly enhance its production capacity to 30 GWh with a substantial ?1200 crore investment. This strategic move aims to meet the burgeoning demand for energy storage and battery recycling in the electric vehicle (EV) and renewable energy sectors. The company?s expansion plan includes scaling up its manufacturing facilities, which will bolster its capabilities in producing high-performance batteries and recycling materials for sustainable energy solutions. CEO Rajat Verma emphasized that this investment aligns with Lohum?s commitment to advancing green technology and addressing the increasing market demand for efficient and eco-friendly energy storage systems. The company?s focus on innovation and sustainable practices positions it as a key player in the transition towards renewable energy and reduced environmental impact. Lohum?s expansion is expected to generate significant economic benefits, including job creation and contributions to the local and national economy. The enhanced production capacity will enable the company to cater to a broader range of customers, including EV manufacturers and renewable energy providers, thereby strengthening its market presence and competitiveness. The investment also underscores Lohum?s dedication to environmental sustainability. By increasing its battery recycling capabilities, the company aims to minimize waste and promote the reuse of valuable materials, reducing the environmental footprint of battery production. This initiative supports global efforts to transition to a circular economy, where resources are efficiently utilized and environmental impact is minimized. As part of its strategic growth plan, Lohum will continue to invest in research and development to drive innovation in energy storage technologies. The company?s commitment to cutting-edge solutions and sustainable practices ensures it remains at the forefront of the energy storage industry. Overall, Lohum?s ?1200 crore investment marks a significant milestone in its journey towards expanding production, enhancing sustainability, and contributing to the growth of the renewable energy sector. This move not only positions Lohum for future success but also underscores its role in advancing green technology and sustainable energy solutions.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..