RecycleKaro, a lithium-ion battery recycling company based in Mumbai, has plans to invest INR 100 Crore in the establishment of a nickel plant in Maharashtra. This plant, with an annual metal production capacity of 1,200 tonnes, will be situated on a 17-acre plot in the Palghar district.
The facility will encompass a production plant capable of generating nickel from discarded lithium-ion batteries and nickel hydroxide. The plant will commence production by the end of 2023.
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Concurrently with the defined new unit volumes, the facility will generate numerous employment opportunities. These opportunities will span across the primary plant, back-office operations, and beyond.
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