India’s first Lithium refinery is soon going to be set up in Gujarat. Manikaran Power Limited, one of the country’s largest power trading and renewable energy company will invest around Rs 1,000 crore to set up this refinery. The refinery will process Lithium ore to produce battery-grade material. Lithium is a rare element and is usually not found in India.
Last year, Manikaran Power had collaborated with Australian firm Neometals to tap the Mount Marion Lithium mine in Western Australia. The proposed project is expected to help Gujarat secure the raw material supply for domestic manufacturing of Lithium batteries as it looks to promote electric vehicles.