Friday, June 20, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: Altmin invest in cathode factory

Fiinews by Fiinews
March 14, 2025
in Manufacturing
Reading Time: 3 mins read
A A
0
Altmin

Minister Vaishnaw with Altmin staff and stalwarts poses for group photo after the foundation stone laying.

0
SHARES
20
VIEWS
LinkedinShare on Twitter

0:00

Facility output for growing demand for lithium-ion batteries

Fast growing Cathode Active Materials (CAM) manufacturer, Hyderabad’s Altmin Private Limited, marked a historic moment with the announcement of India’s first Lithium Iron Phosphate (LFP) cathode giga-factory, an investment of Rs.750 crore.

The announcement was cemented with the ceremonial foundation-stone laying at Divitipally. This state-of-the-art facility is poised to be the cornerstone of India’s clean energy revolution, supporting the country’s push towards self-reliance in battery materials manufacturing.

With an initial capacity of 8 GWh and a planned expansion to 100,000 MTPA by 2030, the project will position India as a global hub for LFP cathode production. The 20-acre plant will not only supply key battery materials for India’s energy storage and EV industries but will also play a crucial role in securing the country’s battery supply chain through partnerships with South American mines https://www.makeinindia.com/home/.

The giga-factory is expected to generate 800 direct jobs, fostering local employment and skill development. Driving employment and sustainable growth backed by innovation, Altmin’s facility will serve as a key anchor in India’s green energy transition. The company’s prima facie agenda is to support the growing demand for lithium-ion batteries across EVs, grid storage, and renewable energy applications.

Speaking about the facility, Altmin Founder & MD Maurya Sunkavalli opined, “Altmin will be a game-changer for India’s Battery Industry. With support from the government, South American Mines, we are committed to creating a seamless eco system so that we can impact consumer behaviour.

“People will move to cleaner fuel only if it is available easily, proves to be efficient and pocket friendly. We are Indians, we will always want a bang for our buck https://fieo.org/.”

“The facility will be India’s only integrated LFP manufacturing plant, featuring cutting-edge research labs and advanced testing facilities, providing a platform for young scientists to develop and test next-generation technologies in electrodes and battery materials,” he said on 13 Mar.

Speaking about Altmin’s upcoming 8 GWh factory D. Sridhar Babu said, “I’m extremely impressed with the initiative and enterprise shown by Altmin, who has emerged at the forefront of the battery materials and critical mineral business. Starting with their pilot factory, their secure supply chain and strategic partnerships are allowing them to scale up. I think they will play a crucial role in the battery ecosystem of India. We need more bold companies like them to bridge the gap between the nation’s electric aspirations and reality https://e-vehicleinfo.com/.”

The event was graced by esteemed dignitaries, including Ashwini Vaishnaw, Minister of Railways, Government of India and D. Sridhar Babu, Minister for Industries, IT, E&C, Government of Telangana. Also in attendance were Mahbubnagar’s Member of Parliament and Member of Legislative Assembly, the District Collector and Jayesh Ranjan, Special Chief Secretary, Government of Telangana.

As India accelerates its push for Atmanirbhar Bharat (self-reliant India) in energy storage and EV manufacturing, Altmin’s new plant is set to play a pivotal role in building a robust domestic supply chain for lithium and battery materials, driving the country toward a cleaner and more sustainable energy future https://evindia.online/.

Altmin is a leading producer of next-generation, indigenously developed battery materials in India. As a fully supply chain-integrated company, Altmin specializes in cathode and anode materials, including Lithium Iron Phosphate (LFP), and develops its own lithium-ion cell chemistries. The company is committed to advancing India’s energy independence by building a strong and sustainable battery materials ecosystem. Fiinews.com

Tags: Altmin
ShareTweetShare

Related Posts

Grainspan
Manufacturing

Manufacturing: Grainspan supplies ethanol to OMCs

by Fiinews
June 16, 2025
0
14

Ahmedabad plant takes advantage of Govt interest subsidy Encouraged by the Union Food Ministry's interest subsidy scheme, Grainspan Nutrients’ two...

Garuda Aerospace
Manufacturing

Manufacturing: Agri-Drone Facility inaugurated

by Fiinews
June 15, 2025
0
16

BDA brings component manufacturers under one roof Minister of State for Rural Development Kamlesh Paswan has inaugurated Garuda Aerospace's new...

Clearsynth

Manufacturing: TDB supports Clearsynth project

June 14, 2025
14
Minda

Manufacturing: JV to make auto switches in Noida

June 13, 2025
16
Solarium

Manufacturing: Solarium’s 1,000MW Ahmedabad plant

June 12, 2025
14
Micron

Manufacturing: Semiconductor SEZ rules amended

June 11, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: India-Croatia PMs talked ports-shipping
  • Tech: Vi-AST to work across unconnected regions
  • Tech: Pune-Mumbai to host WT Summit in Nov’25
  • Export: India-Canada to resume EPTA talks for CEPA
  • Tech: PM calls for clean-green energy AI

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.