Himadri Speciality Chemical will be investing ₹4,800 crore over five-six years for setting up a manufacturing facility for production of lithium-ion (Li-ion) battery components, the company said on Wednesday.
The company is eyeing a target of producing 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, catering to 100 gigawatt hour (GWh) of Li-on batteries in phases over five-six years. In the first phase, the facility would have a capacity of 40,000 tonnes in Odisha and the estimated cost would be ₹1,125 crore with an expected timeline of 27-36 months to start operations.
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