Attero to invest Rs 300 cr to ramp up lithium-ion battery recycling capacity to 11,000 tons
NEW DELHI : E-waste recycling firm Attero is planning to invest Rs 300 crore in a bid to increase its existing lithium-ion battery recycling capacity by 11 times to 11,000 tons by the end of 2022, a top company official said. According to the market estimates, India generates more than 50,000 tons of lithium-ion battery waste every year and it is growing in the range of 40-80 per cent depending on different models used for computing electric vehicle growth in India, Attero Recycling CEO and co-founder Nitin Gupta told PTI.
“By the end of 2022, we will be around 22 per cent of the current market size. In terms of tons, it will be 11,000 tons. We are making fresh investments and will soon have a significant amount of investment to build up this capacity… We are planning to invest close to around Rs 300 crore,” he said.Read More…
Source : PTI
