For the production of 1GWh (Gigawatt-hour) of LFP (Lithium Iron Phosphate) cells, which powers a wide variety of electric vehicles and energy storage systems, 350 tons of high purity and uniform-thickness aluminum foil is required that acts as a positive (cathode) current collector. The demand doubles for Sodium-ion batteries where both positive and negative current collectors is expected to be using aluminum foils.

The company's customized battery aluminum foil with thickness ranging from 12-micron to 20- micron has been tested and validated by third-party laboratories. The company also has the necessary German equipment that can manufacture aluminum foils as thin as 6-micron thickness, which will be suitable for future requirements.

Brij Bhushan Agarwal, vice chairman & managing director, said, “We are thrilled to foray into manufacturing battery foil and support the government to mobilize resources to indigenize battery cell manufacturing. We believe that India's energy transformation will skyrocket as we delve into lithium-ion battery foil manufacturing, supporting the government's efforts to localize battery cell production. This move will free India from import dependence, strengthen upstream component manufacturing, enhance material processing, nurture skills, foster technology know-how, and fortify the infrastructure for a wholly indigenous value chain.”

Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys. The company is amongst the largest producers of ferro alloys, one of the leading players in terms of pellet capacity and the fourth largest player in the sponge iron industry in terms of sponge iron capacity in India.

The company reported 43.2% fall in consolidated net profit to Rs 235.2 crore in Q1 FY24 from Rs 413.8 crore in Q1 FY23. Revenue from operations rose by 2.6% YoY to Rs 3,306.8 in the first quarter of FY24.