India is set to achieve a significant milestone in its energy and industrial sectors with the establishment of its first lithium refinery and battery manufacturing facility in Additional Butibori, Nagpur, Maharashtra. Backed by an investment of Rs 42,532 crore, this project by Vardhaan Lithium (I) Pvt. Ltd. aims to reduce the nation’s dependence on lithium imports and solidify its position in the global clean energy market.
The 500-acre facility, led by Chairman Sunil Joshi and Managing Director Vedansh Joshi, will have the capacity to refine 60,000 tonnes of lithium annually and produce 20 GWh of batteries. It will cater to India’s growing demand for lithium-based products, supporting sectors such as electric vehicles, renewable energy, and industrial manufacturing.
Advancing ‘Make in India’ Vision
Aligned with the ‘Make in India’ initiative, this state-of-the-art factory underscores India’s commitment to achieving self-reliance in critical resources. By leveraging advanced technologies from the USA and Europe, Vardhaan Lithium aims to meet global quality standards while enhancing India’s clean energy capabilities.
Leadership and Collaboration
The project has received strong support from Maharashtra Chief Minister Devendra Fadnavis, whose proactive leadership facilitated the agreement signing at the WEF 2025 in Davos. This initiative positions Maharashtra as a hub for industrial innovation and energy transformation.
Transforming India’s Energy Landscape
The refinery’s establishment comes at a time of surging global demand for lithium-ion batteries, driven by electric vehicles and renewable energy solutions. It is expected to create thousands of jobs, boost the local economy, and attract ancillary industries, fostering a sustainable clean energy ecosystem in Maharashtra. The Vardhaan Lithium project is poised to redefine India’s energy future, strengthening its journey toward self-reliance and global leadership in clean energy innovation.