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LICO Materials targets ₹450-500 crore revenue in current fiscal: CEO
Sentiment: NeutralHigh Priority
What Happened?
LICO Materials aims for ₹450-500 crore revenue in FY 2026-27, driven by increased battery processing and improved capacity utilization, according to CEO Gaurav Dolwani.
Key points
- LICO Materials recorded approximately ₹350 crore revenue in FY 2025-26.
- The company plans to increase its battery processing capacity from 4 GWh to about 10 GWh in three years.
- More batteries are becoming available due to the rise in electric two- and three-wheeler adoption.
- LICO Materials is collaborating with job-work partners in Uttar Pradesh and Haryana.
- The company may establish its own facility or acquire an existing business in western India.
Key insights
- The expansion in battery processing capacity could enhance LICO's competitive edge in the recycling market.
- Increased availability of end-of-life batteries may lead to more sustainable practices in the industry.
- Collaborations with regional partners may strengthen LICO's operational footprint in India.
Why it matters
The company's revenue target reflects the growing demand for battery recycling in India's expanding electric vehicle market.
Tags
Entities
LICO Materials· CompanyGaurav Dolwani· PersonIndia· CountryBengaluru· CityUttar Pradesh· StateHaryana· StateGujarat· State
Source
Business Standard
