
Epsilon to partner with firms eyeing ex-China sourcing of EV battery materials: MD
EV batteries are made of components like anode, cathode, electrolyte and separator. As of now China commands over 90 per cent of this graphite anode and cathode processing capacity which is used in electric vehicles.
New Delhi, Jun 20 (PTI) Battery materials manufacturer Epsilon Advanced Materials is prepared to enter into long-term strategic partnerships with the companies looking to source high-quality graphite anode and cathode materials outside China, a company official said.
This development comes as India ramps up efforts to build a resilient, localised battery supply chain in the wake of China's tightening export restrictions on critical battery technologies.
'Epsilon is ready to partner with cell manufacturers and Auto OEMs who are eyeing ex-China sourcing to secure long-term supply chain of high-quality anode materials and LFP (lithium iron phosphate) cathode while supporting their localization and sustainability objectives,' company's Managing Director Vikram Handa said in an interview.
China has a good early mover advantage and hence has been dominating the global battery materials supply chain for decades, but the recent export restrictions has shown how critical it is for battery manufacturers and auto OEMs to diversify their sourcing, outside of China, he explained.
'To begin with, our integrated and proprietary synthetic and natural graphite anode materials allow us to provide a secure and consistent supply chain to our customers across geographies. We have strategically invested in R&D facility and commercial plant to ensure customer qualification samples to our customers for sample testing and qualifying them,' he said.
The company has its own proprietary technology for manufacturing lithium iron phosphate cathode with an R&D facility in Germany which makes them unaffected from the recent Chinese curbs.
Many companies who were dependent on the Chinese LFP cathode technology to manufacture in India are stuck as they will have to now invest in their own R&D which takes 5-6 years to mature.
'We have manufacturing plants in India, USA, and Finland with total capacity of 60,000 tonne by 2027 and 220,000 tonne by 2030 which make us the largest anode material producer outside China and will strengthen the resilience of our supply network.
'The cathode material plant of 100,000 tonne by 2030 in India will make us Atmanirbhar in electric vehicle battery material supply chain. This multi-continent presence gives our international clients more flexibility, localised supply options, and a reduced risk of disruption,' he explained.
The company is investing Rs 15,350 crore in Karnataka to develop state-of-the-art manufacturing and research facility for electric vehicle battery materials, battery testing and advanced materials R&D. PTI SID ANU ANU
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
28 minutes ago
- Time of India
ORERA imposes Rs 2cr fine on realtor for ‘illegal' plotting scheme
1 2 Bhubaneswar: The Odisha Real Estate Regulatory Authority (ORERA) has imposed a fine of Rs 2 crore on a city-based realtor for allegedly executing a plotting scheme without obtaining either layout approval from the planning authority or registration from ORERA. Sources said the plotting scheme at Haridamada on the outskirts of the city involves 2,500 plots of various sizes, valued at Rs 550 crore. The promoter was allegedly selling the plots after alluring potential buyers through social media promotions. Taking up the case suo motu, the three-member bench of ORERA, during the recent hearing, found that the promoter was executing a mega plotted project at Haridamada and started to sell the plots in Nov last year. ORERA's technical team, which inspected the project site, submitted before the bench that the project is spread over an area of 120 acres and has 2,500 plots. Construction of roads is in progress, and 30% of the plots have already been sold. "No project documents, detailed project reports, or layout plans are available at the site for perusal. The project has not been approved by Bhubaneswar Development Authority and ORERA," the submission of the technical team read. ORERA found that since the plotted project is not registered, there is a violation of Section 3 of the Odisha Real Estate (Regulation and Development) Act, 2016, as per which the authority can take due action as mandated under the laws. "It is apparent from the report that the respondent has not only violated Section 3 of the Act but also violated Section 17 of the Act. The report of the technical team is based on facts. It is not challenged by the respondent," the ORERA order read. As per the Act, if any promoter contravenes the provisions of Section 3, he shall be liable to a penalty which may extend up to 10% of the cost of the real estate project as determined by the authority. Experts attributed the irregularity to fraudulent and unregulated social media promotions. "Buyers should check the legality of the project. The authority should also keep a check on such online promotions," real estate expert Bimalendu Pradhan said.


Time of India
28 minutes ago
- Time of India
Rajasthan hikes mineral royalties, construction costs set to surge
Jaipur: In a move that is expected to increase cost of construction in Rajasthan, the govt has revised royalty rates on minerals, resulting in higher levies and increase in prices of key raw materials including bajri (river sand), sandstonnee, marble, and other construction stonnees. Department of Mines and Geology notified an increase in royalty on bajri by Rs 15 per tonne, raising uniform rate to Rs 60 per tonne across all districts. Previously, royalty on bajri extracted from Bharatpur, Jhunjhunu, tonnek, Dholpur, Sawai Madhopur, Sikar, and Bhilwara was charged at Rs 50 per tonne, while in other districts, it was Rs 45 per tonne. An official source said, "The new rule brings uniformity in royalty rates across Rajasthan. This increase will push up the price of bajri by approximately Rs 600 per truck, considering that a single truck typically carries around 40 tonnes of material." Sandstone, particularly the widely used Chhajja stone, will also become more expensive. The royalty on processed sandstone was raised from Rs 240 to Rs 320 per tonne, marking an increase of Rs 80 per tonne. "Raw sandstone extracted from mines in Bharatpur and Dholpur will now attract a royalty of Rs 220 per tonne, up from Rs 155. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo In Kota, Bundi, and Karauli, the rate increased from Rs 130 to Rs 180 per tonne, while in other districts, it went up from Rs 100 to Rs 145 per tonne," said a mine owner. Marble sourced from Makrana and nearby areas also saw a price revision. The earlier rate of Rs 490 per tonne increased to Rs 550, bringing it in line with marble from other parts of the state, where the royalty was previously Rs 560 per tonne. In a similar move, the royalty on stone used in tile manufacturing went up from Rs 455 to Rs 500 per tonne. Additionally, stones used in concrete and chips—such as dolomite, limestone, and rhyolite—will now attract a royalty of Rs 130 per tonne, up from the earlier Rs 90. "These revisions, while aimed at increasing state revenue, are likely to raise the overall cost of construction, especially in the real estate and infrastructure sectors, where these materials form the foundation of building activity," said realtor Ankur Tiwari. eom


Time of India
39 minutes ago
- Time of India
Court dismisses PMLA case against Moser Baer, Ratul Puri & 11 others
NEW DELHI: A Delhi court has dismissed a money laundering case against industrialist Ratul Puri , Moser Baer India Ltd, and 11 others, holding that the predicate corruption offence registered by CBI had already collapsed. The money laundering case stemmed from alleged bank frauds worth Rs 1,101 crore involving Moser Baer Solar Ltd (Rs 747 crore) and Moser Baer India Ltd (Rs 354 crore), once a leading manufacturer of CDs and DVDs. CBI accused Puri and others of siphoning loans sanctioned by a consortium of banks, with the purported connivance of bank officials who failed to monitor the funds. Special Judge (CBI) Sushant Changotra ruled Thursday that no offence under Section 3 of PMLA survived in the absence of proceeds of crime, which is a sine qua non for prosecuting under the law. "Accordingly, the present complaint is dismissed. The proceedings of this complaint case stand closed," the judge said, but left the door open for future action if a higher court overturns the May 24 discharge order. ED had said CBI discharge was not final until challenged and pointed to a pending Supreme Court review in a separate matter. But the court said such arguments had already been "exhaustively dealt with" by Delhi high court. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Find out: this is how you clean your yoga mat! Kingdom Of Men Undo Advocate Vijay Aggarwal, representing Puri, said once the predicate offence had been quashed, the laundering charge could not legally continue. "Under Section 3 of PMLA, the existence of proceeds of crime is an essential condition for prosecuting a money laundering offence," he said in court.