Indo–South Korean Joint Venture Plans ₹4,000 Crore Battery Materials Manufacturing Plant at Naidupeta

Naidupeta | 12 November 2026

Carbon Cosmo Advanced Materials Private Limited, a joint venture between Kolkata-based Carbon Resources Pvt Ltd and South Korea's COSMO AM&T Co. Ltd, plans to establish a ₹4,000 crore integrated battery materials manufacturing complex at Naidupeta in Tirupati district, Andhra Pradesh.

The proposed facility will occupy approximately 230 acres and manufacture ferric phosphate (FP) precursors and lithium iron phosphate (LFP) cathode materials used in electric vehicle and energy-storage batteries.

Development is planned in three phases, with initial production capacity of 30,000 tonnes each of FP and LFP targeted by mid-2028. Full-scale operations are envisaged by 2031.

The project has reportedly received State Investment Promotion Board approval and is expected to generate approximately 700 direct and 5,500 indirect employment opportunities.

The investment will strengthen domestic battery-material supply chains and create opportunities for chemical processing equipment, industrial construction, utilities, automation and EPC contractors.