LICO plans to develop new unit, to invest Rs 400 crores
Recycling and repurposing company LICO is planning an expansion of its capacity. The firm plans to establish a hydrometallurgy plant and a chemical treatment facility by late 2026 or early 2027.
The plant would take an investment of Rs 400 crores and would extract high-purity metal salts, such as lithium, cobalt, and nickel. Further, the firm plans to establish a second mechanical separation unit in North India, potentially by 2027 or 2028. This unit would have a capacity of 20,000 to 25,000 metric tons per annum.
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