As part of the company's phase II expansion plans, Epsilon Carbon Pvt. Ltd (Epsilon Carbon) a leading coal-tar derivative company in India announced that it will make an additional investment of INR 550 crore in its Vijayanagar facility in Karnataka.
With the latest round of investment, the company will scale its production from an installed annual capacity of 115,000 tonnes to 215,000 tonnes -- making it the third biggest manufacturer of carbon black in the country.
"Once we reach 300,000 tonnes, we will be the largest single location carbon black manufacturer in India," said Vikram Handa, MD, Epsilon Carbon in a statement to Businessline.
The company is expected to break ground this December and is expecting to complete the construction of the plant in about18-months.
"Once this capacity comes online, we aim to generate annual revenue of about INR 5,000 crore," Handa added.
Established in 2010, Epsilon Carbon provides carbon black, coal-tar derivatives, and advanced graphite solutions for a range of industries such as aluminum, steel, construction chemicals, specialty chemicals, tyres, mechanical rubber goods, and others.
Carbon black is also an important component in lithium-ion battery applications, notably automotive and energy storage as it is used in the battery electrodes to enhance electric conductivity in the coating.