Schedule a Call Back
Mahanagar Gas partners with IBC to build lithium-ion cell plant in Bengaluru
Industry News- Nov 08,24
Designed to meet India’s specific needs, the lithium-ion cells offer features like long warranties, fast charging, safety, high-temperature performance, recyclability, and easy integration into battery packs.
Mahanagar Gas Ltd. (MGL) has entered a joint venture with the US-based International Battery Co. (IBC) to establish a lithium-ion cell manufacturing plant in Bengaluru. The venture marks MGL’s latest expansion into the energy sector, following investments in liquified natural gas, retail, compressed biogas, and electric vehicle manufacturing. Ashu Shinghal, Managing Director, MGL, highlighted that entering battery manufacturing will enhance the company’s role in the clean energy transition.
Designed to meet India’s specific needs, the lithium-ion cells offer features like long warranties, fast charging, safety, high-temperature performance, recyclability, and easy integration into battery packs. These cells are currently in customer qualification trials with Indian clients.
Priyadarshi Panda, CEO, IBC, stated that the joint venture aims to create one of India’s first gigafactories based on a future-ready prismatic cell format, bolstering India’s domestic supply chain and reducing foreign exchange expenditures.
(NDTV Profit)
Related Stories
Electrical & Electronics
Lithium-ion battery storage: India’s import dependency to fall to 20% by FY27
The GoI has taken initiatives on several demand-side measures, such as Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, Viability Gap Funding (VGF) scheme for Battery Energy Sto..
Read moreElectrical & Electronics
Global battery manufacturing equipment market to reach $30 billion by 2029
Despite a somewhat pessimistic forecast for market revenue, demand from all regions continues to drive the battery equipment market.
Read moreElectrical & Electronics
Amara Raja to launch battery recycling operations in TN by November end
Currently, 83% of the lead in the company’s manufacturing comes from recycled sources.
Read moreRelated Products
Forklift Battery
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
Aatous International is a manufacturer and solution provider of a wide range of forklift battery.
Wrist Type High Voltage Alarm
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
‘KUSAM-MECO’ has introduced a new wrist Type High Voltage Alarm Detector - Model KM-HVW-289 having a wide sensing range from 1kV-220 kV AC.
Servotech Power Systems files 2 patents for energy management technologies
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
Servotech Power Systems, a leading manufacturer of EV chargers and solar solutions, has announced that it has filed two patents for innovative energy management technologies in order to facilitate gri Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
