NEW DELHI: The son-in-law of India\u2019s biggest steel tycoon is betting big on converting coal tar into graphite anodes for electric-car batteries in a bid to test China\u2019s monopoly in the sector.
\nVikram Handa set up Epsilon Advanced Materials Pvt — India\u2019s first manufacturer of lithium-ion battery parts — in the southern state of Karnataka in August, sourcing the raw material from the largest steel mill in the country that\u2019s owned by his father-in-law, Sajjan Jindal.
\nHanda plans to invest Rs 6,000 crore ($807 million) to produce 100,000 tons of synthetic graphite anode by 2030, or about 10% of estimated global demand.
\nAnode materials are the negative electrode in lithium-ion batteries and account for a quarter of a cell\u2019s components. China has been producing more than 80% of the world\u2019s supply of these anodes, importing raw materials from countries including India.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: The son-in-law of India\u2019s biggest steel tycoon is betting big on converting coal tar into graphite anodes for electric-car batteries in a bid to test China\u2019s monopoly in the sector. Vikram Handa set up Epsilon Advanced Materials Pvt — India\u2019s first manufacturer of lithium-ion battery parts — in the southern state of Karnataka in August, sourcing the raw material from the largest steel mill in the country that\u2019s owned by his father-in-law, Sajjan Jindal. Handa plans to invest Rs 6,000 crore ($807 million) to produce 100,000 tons of synthetic graphite anode by 2030, or about 10% of estimated […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-410308","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=410308"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410308\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}