NAN Silox GreenMet gets green nod for ₹1,400 crore battery recycling plant | Hyderabad News

Hyderabad: NAN Silox GreenMet Pvt Ltd, a 50:50 joint venture between NAN GreenMet and Belgium-based Silox Group, has received consent to establish for its planned ₹1,400 crore lithium-ion battery recycling and critical metals recovery plant at Naidupeta in Andhra Pradesh, the company said on Wednesday.The approval clears the way for groundbreaking, which is expected shortly, and marks a key step in the venture’s plan to build domestic capacity in battery-material recovery. The facility is planned with an ultimate capacity of 40,000 tonnes per annum of shredding and 20,000 tonnes per annum of hydrometallurgical processing, to be deployed in phases.The company also announced the appointment of Vijay Pasupathy as chief executive officer. Pasupathy, who has more than two decades of experience in strategy and operations, previously served as executive vice president at Epsilon Advanced Materials and held senior roles at Orbia and EY. He will oversee execution of the Naidupeta project and lead expansion into engineered cathode materials.NAN Silox GreenMet said it has set aside additional investment beyond the initial outlay to pursue downstream precursor cathode active material and cathode active material manufacturing, supported by global technology partnerships.