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Swachcha Urja Nirman LLP signs Battery Recycling Tech Transfer deal with Centre for Materials for Electronics Technology, Hyderabad

Posted On : 2025-03-17 13:57:48( TIMEZONE : IST )

Epic Energy Limited's subsidiary, Swachcha Urja Nirman LLP (SUN LLP), has signed a Technology Transfer Agreement with the Centre for Materials for Electronics Technology (CMET) for Battery Recycling of end-of-life assorted Li-ion Batteries (excluding LFP Batteries) using a hydro-metallurgical process. This 10-year license agreement marks a significant step towards sustainable e-waste management and environmental conservation.

The Centre for Materials for Electronics Technology (CMET) was established in 1990 as a registered Scientific Society under the Ministry of Electronics and Information Technology (MeitY), Government of India. CMET's primary objective is to develop pilot-scale production technologies for electronic materials and facilitate their commercialization. The organization is actively engaged in developing processes, products, and technologies for electronic materials, components, and devices, focusing on indigenous raw materials and strategic applications for India's industrial growth.

Mr. Bhalchandra Kadam, Partner, SUN LLP, expressed his enthusiasm about the collaboration, stating: "This marks the third vertical of focus for Epic Energy Limited. We are proud to partner with CMET in this critical initiative. Battery recycling plays a pivotal role in the e-waste management ecosystem and is essential for environmental preservation. We anticipate commencing commercial operations by Q3 of FY26 with a one-tonne-per-day processing facility, likely in Maharashtra or Gujarat."

Mr. Nikhil Morsawala, Group CFO, Epic Energy Limited, added: "The capital investment for the one-tonne facility is estimated to be under USD 1 million, and we expect the project to reach break-even by FY27."

Ms. Priya Joshi, Director, Epic Energy Limited, emphasized the company's commitment to sustainability, stating: "At Epic, environmental protection and conservation remain at the core of our mission. This initiative aligns with India's vision of a circular economy and will serve as a trailblazer in sustainable industrial practices."

Epic Energy Limited remains dedicated to driving innovative and environmentally responsible solutions in the energy sector.

Shares of EPIC ENERGY LTD. was last trading in BSE at Rs. 40.41 as compared to the previous close of Rs. 42.53. The total number of shares traded during the day was 18147 in over 281 trades.

The stock hit an intraday high of Rs. 43.88 and intraday low of 40.41. The net turnover during the day was Rs. 736453.00.