NavPrakriti Launches Rs 100 Crore Initiative for Critical Minerals Refining in Odisha

In a strategic move to bolster India's circular economy, NavPrakriti announced a significant investment exceeding Rs 100 crore towards establishing a critical minerals refining facility in Odisha. This new development is expected to be operational by the fiscal year 2028-29 and aims to process 5,000 metric tonnes of end-of-life batteries annually.

The firm's eligibility under the National Critical Mineral Mission marks a pivotal stride in strengthening domestic supply chains. This initiative is set to recover high-purity lithium, cobalt, nickel, and other rare earth minerals from spent batteries, significantly reducing dependency on imports.

Founded in 2024, NavPrakriti has rapidly emerged as a leader in the battery recycling space, already operating a major facility in West Bengal. The company's planned Odisha unit is poised to enhance supply chain resilience, create substantial employment opportunities, and set new standards for responsible recycling practices

(With inputs from agencies.)