Big investment in Karnataka, Epsilon Advanced Materials will set up anode plant with Rs 9000 crore
Battery materials manufacturer Epsilon Advanced Materials is planning to set up an anode plant with a production capacity of 90,000 tonnes per annum in Karnataka at a cost of Rs 9,000 crore. A top official of the company gave this information. Epsilon Group Managing Director Vikram Handa said that the investment in this plant will be in two phases. Rs 4,000 crore will be invested in the first phase and the remaining Rs 5,000 crore will be invested in the second phase.
30,000 ton anode plant
Handa said, “In such a situation, we are thinking of a 30,000 tonne anode plant in India by the fourth quarter of 2026, which will entail an investment of about Rs 4,000 crore. The capacity of this plant will be increased to 90,000 tonnes by 2031. Thus, the total capital expenditure for our annual business in the next eight years is Rs 9,000 crore. With the increasing demand for electric vehicles in India, there is a need for Indian cell manufacturing companies to set up battery plants in the country.
Bhoomi pujan in 6-8 months
Epsilon products will act as a sustainable and reliable supplier of anode and cathode materials for these cell companies. In this way, Epsilon is playing a vital role in the raw material processing ecosystem in the country and even for the global demand. Handa said the company is planning a groundbreaking ceremony for the plant in the next six to eight months. He said that the construction of the plant will take one and a half years. “Our idea is to start supplying the market by the end of 2026 or beginning of 2027,” he said.
