Mumbai-based firm sets up India’s first manufacturing unit for Li-ion battery components

Mumbai-based Epsilon Carbon, a coal tar derivatives company, on Monday said it has commissioned the country’s first manufacturing facility in Karnataka to produce graphite anode materials for lithium-ion batteries (LiB).
The firm added that it plans to invest Rs 500 crore over the next five years in the facility that would produce 5,000 tonnes of anode material annually. It plans to triple this capacity to 15,000 tonnes in 2021 and to 50,000 tonnes per annum by 2025.

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