#NSE0080– Here is the list of Battery Chemicals related Stock Listed in NSE and BSE.
Tata Chemicals Ltd
Tata Chemicals Ltd.’s involvement in the electric vehicle (EV) sector has been brought to the forefront following the Tata Group’s significant deal to establish a $1.6 billion EV battery plant.
Tata Motors, a prominent entity within the Tata Group, is expanding its main production site in India, the Sanand plant, to incorporate a new lithium-ion battery facility. This expansion is scheduled to commence operations by 2025, indicating the Tata Group’s commitment to accelerating its presence in the EV market.
Tata Chemicals plays a pivotal role in Tata’s EV battery plans, as evidenced by the $1.6 billion gigafactory deal and a Memorandum of Understanding (MoU) with the Gujarat government for the establishment of a 20-gigawatt lithium-ion cell plant.
To support its involvement in the EV battery industry and other strategic initiatives, Tata Chemicals has allocated a significant amount for capital expenditure amounting to ₹2300 crores from FY24 to FY27.
Ami Organics Ltd
Ami Organics Ltd has embarked on an innovative journey by venturing into a new segment, positioning itself as the first company outside of China to develop and manufacture an additive electrolyte for cells.
With the aim of solidifying its position in this emerging market, Ami Organics Ltd plans to invest ₹300 crores to establish a dedicated electrolyte manufacturing facility in Gujarat.
The recent signing of a non-binding Memorandum of Understanding (MoU) with a global electrolyte manufacturer further reinforces Ami Organics Ltd’s commitment to expanding its presence in the electrolyte market.
Ami Organics Ltd.’s foray into electrolyte development has already yielded promising results, with the successful development of two products tailored for different battery types. Additionally, the development of another additive tailored for solid batteries underscores Ami Organics Ltd.’s versatility and adaptability in catering to diverse battery technologies.
Neogen Chemicals Ltd
Neogen Chemicals Ltd, led by Indian technocrats, is a prominent manufacturer of bromine and lithium-based organic and organo-metallic chemical compounds. The company has recently taken a significant step forward by signing an agreement with MU Ionic Solutions Corporate, Japan, to acquire its electrolyte manufacturing technology license.
The acquisition of MU Ionic Solutions Corporate’s electrolyte manufacturing technology license positions Neogen Chemicals to capitalize on the growing demand for electrolytes, particularly in the rapidly expanding lithium-ion battery industry. With commercial production slated to commence in 2025, the company aims to achieve a production capacity of 20,000 metric tons per annum, signaling its ambition to emerge as a key player in the electrolyte segment.
GHCL Ltd
GHCL Ltd stands out as one of India’s largest manufacturers of soda ash light, soda ash dense, and sodium bicarbonate chemicals, catering to diverse industrial sectors.
With an investment of ₹6,500 crores, GHCL Ltd initiated the establishment of a greenfield soda ash facility in Kutch, Gujarat. This ambitious project entails the construction of a one-million-tone soda ash plant, slated to be completed over a six-year period.
Moreover, the location of the new soda ash plant in Kutch, Gujarat, strategically positions GHCL Ltd in close proximity to abundant natural resources and key markets, facilitating efficient production and distribution operations.
Aether Industries Ltd
Aether Industries Ltd is undergoing significant diversification and expansion by entering new chemical sectors and forging strategic partnerships with global players. One notable development is the company’s venture into the electrolyte additives space through a partnership with a global lithium-ion battery producer.
In addition to its foray into the electrolyte additives segment, Aether Industries is broadening its operations by exploring opportunities in fluorination. The company anticipates entering the metal fluoride market, indicating its strategic focus on expanding its product portfolio and capturing market opportunities in diverse chemical sectors.
Furthermore, Aether Industries’ recent licensing agreement with Saudi Aramco Tech for Converge Polyols technology exemplifies its proactive approach to technological innovation and collaboration with industry leaders. This agreement enables the company to leverage advanced polyols technology, which has applications across various industries, including automotive, construction, and packaging.
Gujarat Fluorochemicals Ltd
Gujarat Fluorochemicals Ltd (GCFL) is making significant strides in expanding its portfolio into battery chemicals and green hydrogen through its subsidiary, GCFL EV Products. With a planned investment of approximately $1 billion, the company is poised to become a key player in these emerging sectors in India.
In the battery chemical vertical, GCFL has already made notable progress by commissioning a LiPF6 plant. LiPF6 is a crucial component in lithium-ion batteries, which are extensively used in various applications ranging from consumer electronics to electric vehicles.
To support its ambitious expansion plans, GCFL has earmarked a CAPEX target of ₹900 crores specifically for the battery chemical vertical in FY25. By venturing into battery chemicals and green hydrogen, GCFL is strategically positioning itself to tap into the burgeoning market opportunities while contributing to the sustainable energy transition in India and beyond.
