Epsilon Gets ₹145 Crore Support for Anode Material Project

Epsilon Advanced Materials has received approval for its Epsilon C2GR anode material project under the Electronics Components Manufacturing Scheme (ECMS) of the Ministry of Electronics and Information Technology (MeitY). The project has been approved for ₹145 crore in CAPEX support, equivalent to 25 per cent of the project’s capital investment.

Epsilon is the only company to receive approval for manufacturing anode material in this tranche of ECMS approvals, according to the company. The scheme has so far approved 106 projects across 30 products, representing a total investment of ₹69,548 crore and projected production of ₹5.34 lakh crore.

The project is focused on developing indigenous technology and large-scale manufacturing capability for graphite anode materials in India, targeting requirements across electric mobility, energy storage, and digital and consumer electronics.

Epsilon Plans 30,000 TPA Graphite Anode Capacity by 2028

Epsilon has commissioned EAM-ONE at Vijayanagar, Karnataka, which the company describes as India’s first graphite anode material customer qualification plant. It is progressing towards commercial-scale manufacturing and plans to scale graphite anode capacity to 30,000 tonnes per annum by 2028, followed by a second phase taking capacity to 100,000 tonnes.

Vikram Handa, Managing Director, Epsilon Group, said, “Building a resilient battery ecosystem requires ownership of technology, intellectual property, R&D and process know-how.”

Epsilon Graphite Anode Programme Focuses on R&D

The company’s graphite anode programme includes in-house R&D, material development, process optimisation and electrochemical validation. Epsilon says its testing capabilities cover coin-cell, pouch-cell and multi-layer pouch-cell formats.

Epsilon has filed 43 patents covering process, product and equipment technologies, with another 50 intellectual property developments planned through 2030.

The company says its graphite anode programme is intended to increase domestic value addition and reduce dependence on imported critical battery materials.