Neogen Ionics' Battery Material Plant Hits Key Milestone

Neogen Chemicals’ battery materials subsidiary, Neogen Ionics, is making steady progress on its greenfield electrolyte manufacturing facility at Pakhajan in Dahej PCPIR, which will leverage MUIS (Modularized, Utility-Integrated System) technology.

With piling and most civil works completed, and long-lead equipment orders placed, the project has entered an advanced execution phase. Factory Acceptance Testing (FAT) for the modular plant is currently underway at the site of Mitsubishi Engineering Corporation and its contractors.

Of the planned ₹1,500 crore capex, ₹506 crore has been invested to date, including ₹36 crore during Q1 FY26.

The project is being developed by Neogen Morita New Materials (NML)—a wholly owned step-down subsidiary of Neogen Chemicals—in partnership with Morita Chemical Industries, Japan, a global lithium salts specialist with over 30 years of experience. The lithium salts produced will be used internally for electrolyte manufacturing and also marketed internationally.

In parallel, reconstruction of Neogen’s Dahej facility remains on schedule for completion next year.

The Pakhajan project is positioned as a strategic growth driver, targeting surging demand in the global energy storage materials market. For Q1 FY26, Neogen Chemicals reported ₹187 crore in revenue, marking a 4% year-on-year growth.

News by Rahul Yelligetti.