LICO Materials has been selected under the Ministry of Mines’ ₹1,500 crore incentive scheme to recover critical minerals from lithium-ion batteries. The company will invest ₹240 crore in its Karnataka facility to produce battery-grade lithium, nickel, and cobalt with 99% purity, securing a 20% CapEx subsidy and OpEx incentives through FY 2030-31.
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