Talks on to set up South India's first battery recycling plant in K’giri

ONE of the largest battery recycling plant in India is likely to be set up at SIPCOT's future mobility park at Shoolagiri in Krishnagiri.

- C SHIVAKUMAR

Talks are progressing with a key player in the sector, according to official sources, who refused to divulge further details.

Sources told TNIE, on the sidelines of an event, that the firm will not only recycle used batteries, but also electrical and rare earth magnets. The move is significant as recycling spent batteries can help build material security and minimise environmental hazards from the e-waste.

It may be noted that Pondy Oxides & Chemicals Limited signed a memorandum of understanding (MoU) with the Tamil Nadu government during the Global Investors' Meet in January to invest ₹300 to ₹500 crore for setting up stateof-the-art recycling and manufacturing plants for non-ferrous metals, lithium ion batteries, paper, plastics, and rubber.