Allox to set up multi-GW Lithium Cathode Material manufacturing unit in Telangana
The state-of-the-art facility for manufacturing C-LFP, involves an investment of ₹ 210 crores, with an initial capacity of 3GWH/PA on a total investment outlay of ₹ 750 crores, with a capacity of 10 GWH by 2030. The project is said to create an employment for 600 highly-skilled and skilled professionals.
Minister of Industries & Commerce Departments, Government of Telangana, KT Rama Rao said, "Government of Telangana is actively working on promoting adoption of EVs and towards developing a comprehensive manufacturing ecosystem. The State is emerging as the most preferred destination for EV and Advanced Chemistry Cell (ACC) Manufacturing and the proposed facility by Allox is expected to contribute to the State's goal of promoting the adoption of electric vehicles."
Government of Telangana was one of the first states to come up with a comprehensive EV and ESS policy in 2020, with a view to build an integrated EV ecosystem.
Allox Co-founder and MD, Mourya Sunkavalli and COO Kiriti Varma thanked Government of Telangana for their support in making this project a reality. They said, "Allox will play an important role in the EV and emerging Energy Storage Systems landscape of the country, while supplying active cathode materials to the cell manufacturing companies in India, thus enabling and creating an ecosystem of ACC companies around Telangana."
Allox's technology to produce Carbon Coated Lithium Iron Phosphate (C-LFP) is a solid-state process, economical to scale up, zero affluent discharge, eco-friendly and indigenously developed by ARCI, Government of India and upscaled by ALLOX in Hyderabad. The company has been showcased by Government of India at the Indian Sustainability Pavilion at World Economic Forum 2023 in Davos.
Principal Secretary (Industries and Commerce and IT E&C) Jayesh Ranjan IAS, Special Secretary (Investment Promotion) Vishnu Vardhan Reddy IFS and Gopalakrishnan VC, Director Automotive and EV Sector were also present at the MOU signing.