NavPrakriti, a lithium-ion battery recycling and refurbishment company, has announced plans to invest over INR 100 crore to establish a state-of-the-art greenfield critical minerals refining facility in Odisha. This facility is expected to become operational by FY 2028–29.
The company has recently been considered eligible under the National Critical Mineral Mission for the extraction of cobalt, nickel, and lithium. The new facility will process up to 5,000 metric tonnes per annum of end-of-life batteries, focusing on the extraction of critical minerals to strengthen India’s circular economy and reduce dependence on imports.
The company said it is developing a robust R&D ecosystem through partnerships with institutions of national and global eminence, advancing technology for chemical recovery and battery refurbishment.
Founded in 2024 by Akhilesh and Avnish Bagaria, NavPrakriti’s first unit in Serampore, West Bengal, is already operational. This lithium-ion battery recycling plant has an annual capacity of 12,000 tonnes, scalable to 24,000 tonnes. The upcoming Odisha plant will be the company’s second greenfield unit dedicated to extraction of critical minerals. It will be designed for high-purity recovery of lithium, cobalt, nickel, and other rare earth minerals from spent batteries.
NavPrakriti recently partnered with NASH Energy to ensure responsible end-of-life management and closed-loop recycling for all batteries produced by NASH, including production scrap.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.