Shyam Metalics enters battery foil production
ECONOMY & POLICY

Shyam Metalics enters battery foil production

Shyam Metalics and Energy Limited, a Kolkata-based integrated metal producer, has announced its entry into the energy storage sector with the production of battery-grade aluminium foil, a crucial component in Lithium-ion cells.

With an annual production capacity of 20,000 tons, Shyam Metalics is already a producer and exporter of aluminium foil for various industrial applications. The company's move into battery aluminium foil production is driven by the growing demand for electric vehicles (EVs) and energy storage systems that rely on Lithium Iron Phosphate (LFP) cells.

To manufacture 1 Gigawatt-hour (GWh) of LFP cells, which power a wide range of EVs and energy storage systems, 350 tons of high-purity and uniform-thickness aluminium foil are required as a positive (cathode) current collector. The demand doubles for Sodium-ion batteries, where both positive and negative current collectors use aluminium foils.

Shyam Metalics has developed customised battery aluminium foil with a thickness ranging from 12-micron to 20-micron, which has been rigorously tested and validated by third-party laboratories.

India's increasing demand for EVs and green energy solutions has led to a surge in lithium-ion battery imports. In the period from April to November 2022, India spent $1.8 billion to import 5,486.18 kWh of lithium-ion batteries, compared to 6.16 million units imported for $1.83 billion in the entire 2021-22 fiscal year.

Brij Bhushan Agarwal, Vice Chairman and managing Director of Shyam Metalics & Energy Ltd, expressed the company's enthusiasm for venturing into lithium-ion battery foil manufacturing and supporting the Indian government's efforts to localise battery cell production. Shyam Metalics & Energy Ltd shares were trading with gains of 1.04 per cent at the time of the announcement.

Shyam Metalics and Energy Limited, a Kolkata-based integrated metal producer, has announced its entry into the energy storage sector with the production of battery-grade aluminium foil, a crucial component in Lithium-ion cells. With an annual production capacity of 20,000 tons, Shyam Metalics is already a producer and exporter of aluminium foil for various industrial applications. The company's move into battery aluminium foil production is driven by the growing demand for electric vehicles (EVs) and energy storage systems that rely on Lithium Iron Phosphate (LFP) cells. To manufacture 1 Gigawatt-hour (GWh) of LFP cells, which power a wide range of EVs and energy storage systems, 350 tons of high-purity and uniform-thickness aluminium foil are required as a positive (cathode) current collector. The demand doubles for Sodium-ion batteries, where both positive and negative current collectors use aluminium foils. Shyam Metalics has developed customised battery aluminium foil with a thickness ranging from 12-micron to 20-micron, which has been rigorously tested and validated by third-party laboratories. India's increasing demand for EVs and green energy solutions has led to a surge in lithium-ion battery imports. In the period from April to November 2022, India spent $1.8 billion to import 5,486.18 kWh of lithium-ion batteries, compared to 6.16 million units imported for $1.83 billion in the entire 2021-22 fiscal year. Brij Bhushan Agarwal, Vice Chairman and managing Director of Shyam Metalics & Energy Ltd, expressed the company's enthusiasm for venturing into lithium-ion battery foil manufacturing and supporting the Indian government's efforts to localise battery cell production. Shyam Metalics & Energy Ltd shares were trading with gains of 1.04 per cent at the time of the announcement.

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?