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Vardhaan Lithium (I) Pvt. Ltd., has proposed the establishment of the country’s first lithium refinery and battery manufacturing unit.
It is located in Butibori-Nagpur, Maharashtra.
It has a total investment of Rs 42,532 crores.
It is a wholly-owned subsidiary of the Vardhaan Group.
This project aims to address India’s increasing demand for lithium-ion batteries, reducing dependency on imports and stabilizing price volatility.
The facility, spread over 500 acres, will be equipped with state-of-the-art technology to ensure efficient production and high-quality output, marking a significant step in India’s pursuit of self-sufficiency in lithium battery production.