TCPL Packaging enters lithium-ion separator films, targets ₹2,000 crore
In short
TCPL Packaging has entered the lithium-ion battery separator films business. It sees up to ₹200 crore of revenue from the current investment and up to ₹2,000 crore at full scale.
The company says it plans to build up the business over the next five to six years.
What the reporting says
TCPL Packaging entered the lithium-ion battery separator films business and said it is targeting revenue of up to ₹2,000 crore at full scale, against an initial revenue potential of up to ₹200 crore from the current investment. Executive Director Akshay Kanoria said the company plans to scale the venture over the next five to six years. The move expands TCPL Packaging beyond its existing business into a battery materials segment.
Why it matters
TCPL Packaging is moving into lithium-ion battery separator films and has outlined a revenue target of up to ₹2,000 crore at full scale, with an initial potential of up to ₹200 crore from the current investment. Executive Director Akshay Kanoria said the company expects to scale the venture over five to six years. The announcement signals diversification into a battery-related materials business.