Government of India 58 COMPANIES APPROVED UNDER CRITICAL MINERAL RECYCLING SCHEME
• Government approved 58 companies under critical mineral recycling incentive scheme
• Scheme outlay: ₹1,500 Cr with expected private investment of ~₹5,000 Cr
• Targets recycling of lithium-ion batteries, e-waste and industrial scrap
• Planned recycling capacity of ~850 KTPA
• Objective is to reduce import dependence and strengthen EV & clean energy ecosystem
• Key minerals include lithium, cobalt, nickel, copper and rare earths
Key beneficiaries:
• Exide Industries Limited
• Amara Raja Energy & Mobility Limited
• MSTC Limited
• Gravita India Limited
• Pondy Oxides and Chemicals Limited
• Hindalco Industries Limited
• Vedanta Limited
• Tata Chemicals Limited
• Tata Motors Limited
• Reliance Industries Limited
• Ola Electric Mobility Limited
Impact: Positive
• Government approved 58 companies under critical mineral recycling incentive scheme
• Scheme outlay: ₹1,500 Cr with expected private investment of ~₹5,000 Cr
• Targets recycling of lithium-ion batteries, e-waste and industrial scrap
• Planned recycling capacity of ~850 KTPA
• Objective is to reduce import dependence and strengthen EV & clean energy ecosystem
• Key minerals include lithium, cobalt, nickel, copper and rare earths
Key beneficiaries:
• Exide Industries Limited
• Amara Raja Energy & Mobility Limited
• MSTC Limited
• Gravita India Limited
• Pondy Oxides and Chemicals Limited
• Hindalco Industries Limited
• Vedanta Limited
• Tata Chemicals Limited
• Tata Motors Limited
• Reliance Industries Limited
• Ola Electric Mobility Limited
Impact: Positive