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 company also announced the appointment of Vijay Pasupathy as chief executive officer.
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. He will oversee execution of the Naidupeta project and lead expansion into engineered cathode materials. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad
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.