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Epsilon to set up INR 5,000 Crore Cathode plant in India

Epsilon to set up INR 5,000 Crore Cathode plant in India

Unnati More May 17, 2024 0

Epsilon Advanced Materials (EAM) plans to establish a cathode plant in India with an estimated investment of INR 5,000 Crore. The company is actively considering states like Karnataka, Tamil Nadu, and Telangana for setting up the facility.

EAM, a wholly-owned subsidiary of Epsilon Carbon, is also investing USD 1.1 Billion in Karnataka. Their manufacturing facility in Bellary, Karnataka, will produce 100,000 tons per annum of synthetic graphite anode material by 2030. Additionally, Epsilon operates globally, with graphite anode facilities in the US and Finland.

Also Read: Micron Semiconductor Assembly and Test Facility, Surat, Gujarat

By 2030, Epsilon’s graphite anode material business is projected to cater to 100 GW with a topline of about INR 20,000 Crore. Furthermore, their cathode material business will serve 50 GW of cell capacity with a topline close to INR 10,000 Crore.

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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.


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