Page 147 - CW E-Magazine (23-7-2024)

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INFRASTRUCTURE

Andhra Pradesh govt, BPCL discuss possibility

of petrochemical complex

Andhra Pradesh Chief Minister delegation informed the CM that they
N. Chandrababu Naidu held talks with a will be back with the feasibility report,
delegation of Bharat Petroleum Corpo- latest by October, an offi cial release
ration Ltd. (BPCL) led by its Chairman & said.
Managing Director Mr. G. Krishna
Kumar on July 10 regarding the scope The development comes days after
for establishment of an oil refi nery and Mr. Naidu visited New Delhi and held
petrochemical corridor in the State. discussions with Mr. Hardeep Singh
Puri, Union Minister of Petroleum and
“We explored the establishment Gas, on setting up a refi nery in the State as
of an oil refi nery and petrochemical The company representatives in- per Section 93 (4) of the Andhra Pradesh
complex in Andhra Pradesh with an formed the Chief Minister that at least Reorganisation (APRA) Act, 2014.
investment of Rs. 60,000 to Rs. 70,000 4,000 to 5,000 acres of land will be
crore,” said Mr. Naidu in a post on X required to establish the petrochemical BPCL currently operates oil refi -
(formerly Twitter). He directed offi cials complex. neries in Mumbai, Kochi, and Bina in
to prepare a detailed feasibility report Madhya Pradesh. It has plans to invest
in 90 days, noting that the state is stra- Mr. Naidu assured that necessary Rs 1.7 lakh-crore in the coming fi ve
tegically located on the east coast of the land will be allotted to the company years in oil refi ning, fuel marketing,
country with signifi cant petrochemical within 90 days, once they submit a petrochemical, and clean energy
potential. detailed proposal for the project. The businesses.

PROJECT PROGRESS
Exide Industries’ subsidiary nearing completion

of lithium-ion cell manufacturing project

Storage battery major, Exide In- Industries said in its latest annual report The company started setting up the
dustries, expects the fi rst phase of the for the fi nancial year 2023-24. lithium-ion cell manufacturing plant in
greenfi eld 12-gigawatt lithium-ion cell 2022. With a total capacity of 12-GWh,
manufacturing plant in Bengaluru to Amidst the surging demands for it planned to build the project in two
be completed by the end of the current lithium-ion batteries and storage solu- phases of 6-GWh each. After the pro-
fi nancial year, as the project is pro- tions, EESL’s scope extends to produc- ject’s completion, the company is ex-
gressing according to the timelines. ing, assembling, and commercialising of pected to be one of the leading players
battery modules and packs tailored for in the lithium-ion cell manufacturing
The Kolkata-based company’s mobility and grid-based applications. space in India.
subsidiary, Exide Energy Solutions
(EESL), is in the fi nal stages of es- “Over 300 professionals are ac- Exide injected Rs. 1285-crore
tablishing the lithium-ion cell manu- tively involved in various capacities to as equity investment into EESL last
facturing project. With India’s electric ensure timely (Bengaluru) project com- fi scal. It has partnered with leading
vehicle market rapidly expanding, EESL pletion. Efforts are underway to attract global lithium-ion cells and battery
signed a non-binding memorandum of new customers and secure raw material manufacturing company SVOLT
understanding (MoU) with Hyundai suppliers, both domestically and inter- Energy Technology for technical know-
Motor and Kia Corporation for strate- nationally,” the company’s MD & CEO how and completion of the project on
gic co-operation in the market, Exide Mr. Avik Roy said. a turnkey basis.

Chemical Weekly July 23, 2024 147

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