Rs 4,000-cr India-Korea battery materials plant to come up in Andhra Pradesh
Visakhapatnam, Nov 11 (TNT): Andhra Pradesh has announced a Rs 4,000-crore investment by India-Korea joint venture Carbon Cosmo Advanced Materials Private Limited to establish an integrated lithium-ion battery materials manufacturing plant at Naidupeta in Tirupati district.
The project was announced following a meeting between State Minister for HRD, IT and Electronics Nara Lokesh and the company’s representatives in Visakhapatnam on Wednesday , ahead of the CII Partnership Summit.
The proposed facility will manufacture ferric phosphate (FP) precursor and lithium iron phosphate (LFP) cathode materials, which are key components used in lithium-ion batteries.
The plant will be established on 230 acres using technology provided by South Korea’s COSMO AM&T.
Carbon Cosmo is a joint venture between Kolkata-based Carbon Resources Pvt Ltd and South Korea’s COSMO AM&T Co Ltd, a manufacturer of cathode materials supplying companies including Samsung SDI and LG Energy Solution.
The facility will have a proposed annual production capacity of 1.8 lakh tonnes each of ferric phosphate and LFP materials, with up to 1.3 lakh tonnes earmarked for exports.
The project will be implemented in three phases, with the first phase of 30,000 tonnes each scheduled for completion by mid-2028 and the third phase targeted for 2031.
The project is expected to generate around 700 direct jobs and 3,500 to 5,000 indirect employment opportunities.
The Memorandum of Understanding for the project was signed on October 16 at SRM University, Amaravati, while the State Investment Promotion Board approved it on November 6.
Lokesh also invited the company to collaborate with IIT Tirupati in establishing a laboratory for cathode testing and battery recycling, as part of efforts to develop a domestic battery manufacturing and research ecosystem.
Welcoming the investment, Lokesh said the India-Korea partnership would bring advanced cathode technology to Andhra Pradesh and address a critical gap in India’s battery supply chain.
He said the State was working to emerge as a hub for electric vehicle and battery manufacturing and would extend support for the project.
The company delegation included Abhinav Kumar Jalan, Managing Director of CRPL Group, Deuk-Kyu Park, Vice-President of COSMO AM&T, Byeongdae Kim, General Manager of COSMO AM&T, and others.
TNT KM
