Nalco to make lithium ion cells after tech transfer deal with Isro

Facility to be set up in Odisha; company's entry into this space could temper imports, valued at $150 million in 2017

On a diversification spree, National Aluminium Company (Nalco) has decided to launch a new stream of business- setting up a production line for lithium ion cells.

Nalco's chairman & managing director T K Chand said, “The production facility will be set up in Odisha. Nalco is opening a separate vertical for lithium ion cell production. The location and capex (capital expenditure) for the project will be decided in due course.”

Nalco has signed a pact with Indian Space Research Organization (Isro) for transfer of lithium ion technology. Isro's satellites and launch vehicle applications are powered by lithium ion batteries owing to their