Summary
Altmin, founded in Hyderabad in 2023, is establishing India's first factory to manufacture lithium iron phosphate (LFP) cathodes for lithium batteries. The company, which has a pilot plant at ARCI, is constructing a giga-factory in Divitipally, Telangana, with a target capacity of 100,000 tonnes per year by 2030, and has secured raw material sourcing partnerships and a joint venture with Singareni Collieries.
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