+
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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code