Development of Epic''s lithium-ion battery recycling and second-life battery initiatives through its Special Purpose Vehicle, Swachchha Urja Nirman LLP("SUN LLP").
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EPIC Energy has signed a collaboration with REFNIC (a brand of Zetrance Technology Private Limited) to develop lithium-ion battery recycling and second-life battery projects through its Special Purpose Vehicle, Swachchha Urja Nirman LLP (SUN LLP). REFNIC will act as the technical partner for designing, engineering, installing, and commissioning the facilities. The first facility is planned at Wada, Maharashtra, with a battery shredding capacity of 500 kilograms per hour of black-mass output and a second-life battery assembly line of approximately 10 MWh per month. The company says the platform is designed to be scalable across India and potentially globally over time. The agreement is domestic, not a related-party transaction, and involves no share exchange.
This is a forward-looking expansion into the EV battery recycling and circular-economy space, which aligns with India's energy-transition theme but comes with no immediate revenue or earnings impact. Shareholders should view it as an early-stage strategic initiative that could drive future growth if execution at Wada goes to plan, though near-term financial contribution is likely limited.