₹2,250-Crore Lithium Refinery Strengthens Domestic Capability
Altmin Private Limited has entered into a partnership with Singareni Collieries Company Limited (SCCL) to establish a ₹2,250-crore lithium refinery project in Telangana. The proposed facility will focus on processing lithium into battery-grade materials required for electric vehicles and energy storage applications. This development represents a critical step in India’s efforts to localise key segments of the EV battery supply chain. (EV Reporter)
The project aligns with national priorities around reducing import dependence for strategic minerals and building self-reliance in clean energy technologies. Lithium refining capacity within India is seen as essential as EV adoption accelerates across passenger vehicles, two-wheelers and commercial fleets.
Public-Private Collaboration for Battery Materials
The partnership brings together SCCL’s experience as a state-owned enterprise with Altmin’s expertise in mineral exploration and processing. SCCL’s participation adds scale, execution strength and institutional backing, while Altmin contributes technical know-how in handling critical minerals. Together, the companies aim to create an integrated refining ecosystem that supports domestic battery manufacturers and future gigafactories.
By refining lithium domestically, the project is expected to shorten supply chains, improve cost structures and enhance supply security for Indian EV and storage players. Telangana’s industrial infrastructure and policy support further strengthen the project’s long-term viability.
Boost for EV and Energy Storage Ecosystem
The lithium refinery is expected to support India’s expanding EV ecosystem by ensuring a steady supply of processed battery materials. As demand for lithium-ion batteries rises across mobility and grid-scale storage, access to refined lithium becomes increasingly critical. The project also has the potential to attract downstream investments in cell manufacturing and battery recycling.
With the ₹2,250-crore investment, the Altmin–SCCL initiative positions Telangana as a strategic node in India’s clean energy manufacturing landscape, reinforcing the state’s ambition to become a hub for advanced EV and battery technologies.
