Vidyuta wins nod for cathode active material capacity under ECMS
In short
Vidyuta has got approval to make cathode active material under the ECMS. The project involves a total investment of ₹500 crore, and up to ₹125 crore, or 25%, is supported by a capex-linked incentive.
What the reporting says
Vidyuta has received approval for cathode active material manufacturing capacity under the ECMS, with the project involving a total capital investment of ₹500 crore. The proposal is supported by a capex-linked incentive of up to ₹125 crore, or 25% of the investment, under the scheme for commercial scale-up. The approval signals government backing for expanding battery-material production capacity.
Why it matters
Vidyuta has been approved for cathode active material manufacturing capacity under the ECMS, with a stated project size of ₹500 crore. The scheme support can cover up to ₹125 crore, or 25% of the capex, through an incentive linked to commercial scale-up. The approval is relevant for battery-material supply chains and companies involved in manufacturing linked to the EV and energy-storage ecosystem.