K'giri to get ₹2,000-cr battery recycler plant; 1,000 new jobs likely

THE Greater Noida-based LOHUM, one of the largest producers of sustainable energy transition and battery raw materials through recycling, repurposing, and low carbon refining, will be investing more than 2,000 crore to build the country's largest battery recycler plant at the future mobility park at Shoolagiri in Krishnagiri district.

- C SHIVAKUMAR

The plant is expected to generate at least 1,000 jobs when it becomes fully functional.

Speaking to TNIE on the sidelines of Investopia Global in Chennai on Wednesday, LOHUM's head of Corporate Development Sachin Maheshwari said the facility will be set up on 65 acres of land and the investment will be made over a period of six years.

"We are looking at a capacity of 20 gigawatt hour of cathode active materials (CAMS) production which is used for cell manufacturing for being used in batteries," he said.

"We are now setting up the plant and the factory will be set up in the next 18 months. The company plans to supply locally but exports cannot be ruled out," he said.