Epsilon Advanced Materials is planning to set up a ₹9,000 crore anode production facility in Karnataka, with an annual output of 90,000 tons. The investment will occur in two stages, according to Epsilon Group Managing Director Vikram Handa.
Initially, ₹4,000 crore will be invested to build a 30,000 ton capacity anode plant by Q4 2026. The remaining ₹5,000 crore will be invested in expanding the facility to 90,000 tons by 2031. The total capital expenditure of ₹9,000 crore is planned for the company’s operations over the next eight years.
As demand for electric vehicles surges in India, there is a growing need for domestic battery production. Epsilon’s products are set to provide a sustainable and reliable source of anode and cathode materials for these battery manufacturers. As reported by thehindubusinessline.com, Epsilon Carbon, the parent company, specializes in producing specialty carbon and carbon black used in tires.
