India’s multi-diversified business group LNJ Bhilwara Group has announced its entry into the lithium-ion battery business. The group will establish a 1 GWh lithium-ion battery plant in Pune, Maharashtra, under a joint venture with Pune-based Replus Engitech, a technology-led manufacturing start-up that offers battery energy storage system (BESS) solutions as per the market needs.
The plant will make battery modules and packs, battery management systems, energy management systems, and containerized BESS. Target applications will be large-sale renewable integration, microgrids, railways, telecom, data centers, transmission and distribution demand management, and power walls for the commercial and residential sector. E-mobility products will include battery packs for two-wheelers, three-wheelers, electric-buses, and four-wheelers.
The greenfield plant in Pune is expected to become operational by mid-2022, with a capacity of 1 GWh in the first phase. In the second phase, the JV aims to increase the plant capacity to 5 GWh by 2024.
LNJ Bhilwara is present in graphite electrode manufacturing through its arm HEG Ltd, which is said to have the world’s largest single-location graphite electrode manufacturing plant.
Commenting on the venture, vice-chairman at The LNJ Bhilwara Group, Riju Jhunjhunwala, said, “We are hopeful that our existing capabilities in graphite and anode, along with our new venture, will be the flag bearer in the new norm of the world. We are eyeing to build a strong presence in the energy storage domain and contribute to Make in India through this venture. The new business will also leverage LNJ’s global presence to spread its wings in the future.”
The LNJ Bhilwara-Replus venture, executive director and CEO, Hiren Pravin Shah said, “Our strength will be in offering optimum technology, reliable and efficient products in lithium-ion chemistries such as lithium-iron phosphate (LFP), nickel-manganese-cobalt (NMC), lithium titanate (LTO), and solidstate (SSD) batteries. Going forward, we would be primary movers in the new technology and smart energy solutions in the market.”
In the medium run, we intend to become India’s leading provider of energy storage solutions. Eventually, we will target to be amongst the top 10 providers globally, Shah added.
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