LICO Materials opens battery recycling facility; to invest Rs 250 crore in hydrometallurgy biz
LICO Materials launched a 4 GWh battery recycling plant in Bengaluru, aiming to boost India's EV adoption. The company plans to invest ₹250 crore in a hydrometallurgy plant within the next two to three years, scaling recycling capacity to 10 GWh and processing 2,00,000 metric tonnes of electric car batteries annually by 2027.