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, Maurya Sunkavalli, Founder & MD, Altmin, 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
