NavPrakriti Green Energies Private Limited will invest over Rs 1 billion to set up a greenfield critical minerals refining facility in Odisha. This facility is expected to become operational by the financial year 2028-29. The facility will process up to 5,000 metric tonnes per annum (TPA) of end-of-life batteries. The facility has been designed for high-purity recovery of lithium, cobalt, nickel, and other rare earth minerals from spent batteries.
The company is actively building a strong research and development ecosystem through collaborations with leading national and international institutions. Furthermore, it has also been deemed eligible under the National Critical Mineral Mission for extracting cobalt, nickel, and lithium, supporting domestic supply chains and the recycling ecosystem.
Founded in 2024, NavPrakriti is a lithium-ion battery recycling and refurbishment company. The company has 12,000 TPA of battery recycling capacity and aims to expand to 24,000 TPA by 2027.
