This story is from January 21, 2022

Munoth Industries’ Lithium cell unit set to start trialproduction in March

Munoth Industries’ Lithium cell unit set to start trialproduction in March
Chennai: Even as several players continue to talk about establishing Lithium cell manufacturing facilities in India, the Chennai-based Munoth Industries Limited has already established its unit and it is set to begin trial production by middle of March this year.
The Rs 165 crore facility, which has come up over 30 acres in the electronics manufacturing cluster, Tirupati is expected to move into commercial production in the first quarter of the next financial year.

It will be the first manufacturing facility for Lithium cells in India to go into commercial production and will make cells for consumer electronics industry.
“Most of the machines have arrived from overseas. Due to Covid restrictions, we debugged all the machines in China itself to ensure quick shift from trial run to commercial production. This project is in true sense is a make in India, since most other projects are banking on mere assembling in the country,” Jaswant Munoth, vice chairman and director, Munoth Industries told TOI.
Munoth Industries has joined hands with Tianjin Lishen from China and a top five player in the world as its technology partner. It also worked closely with Chennai-based CSIR – CICRI to fine tune the technology.
The installed capacity of the plant is 270MW hour of cells and the company will cater to 40% of power bank cell requirements which will be fully import substitution.
The 16,000 sq m factory building is fully airconditioned and with controlled atmosphere. — D Govardan “This is just the first phase as we plan to scale up and become a GW hour factory in next couple of years and list the company,” said Munoth, who is a member of the expert review committee for Centre of Excellence RBT (Pre Cell), MEITY, Government of India.
The company has a paid up capital of Rs 35 crore. Apart from the promoters, other investors backing the venture include promoter families of Apollo Hospitals, Intellect Design and Mumbai-based Nahar group.
Munoth’s Lithium cell manufacturing project has been cleared by the Centre to get incentives under the M-SIPS scheme. The unit has also been allowed to import capital goods and raw materials duty free, since it does not become eligible for any of the production linked incentive (PLI) schemes.
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