Epsilon Advanced Materials has secured nod for its Epsilon C2GR anode material project under Electronics Components Manufacturing Scheme (ECMS) of Ministry of Electronics and Information Technology (MeitY), in a move aimed at bolstering India’s domestic battery-materials supply chain.
The company has been approved for Rs. 145 crore in capital expenditure (CAPEX) support, equivalent to 25% of the project’s capital investment.
Epsilon is the only company approved in the latest ECMS tranche for manufacturing anode material, a critical component of lithium-ion batteries. The approval gives a major boost to India’s push to build a domestic, or ‘Swadeshi’, supply chain for critical battery materials.
The ECMS has so far approved 106 projects across 30 product categories, representing total investments of Rs. 69,548 crore and projected production of Rs. 5.34 lakh crore.
Epsilon’s project is focused on developing indigenous technology and large-scale manufacturing capabilities for graphite anode materials in India. The materials are expected to support demand from electric mobility, energy storage and consumer electronics.
The company has already commissioned EAM-ONE, India’s first graphite anode material customer qualification plant, at Vijayanagar in Karnataka. It is now advancing towards commercial-scale production following the MeitY approval.
Epsilon plans to expand its graphite anode manufacturing capacity to 30,000 tonnes per annum by 2028, followed by a second-phase expansion to 100,000 tonnes per annum.
Vikram Handa, Managing Director, Epsilon Group, said: “The project approval under ECMS is an important recognition of Epsilon’s efforts to develop indigenous graphite anode technology and manufacturing capabilities in India. Building a resilient battery ecosystem requires ownership of technology, intellectual property, RCD and process know-how.
"This support will help accelerate our scale-up and strengthen India’s domestic battery materials value chain. We remain committed to contributing to the Government’s vision of Atmanirbhar Bharat by building globally competitive critical battery materials from India.”
Epsilon’s graphite anode strategy is built around indigenous technology development, backed by in-house RCD and intellectual property.
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