Neogen Chemicals Limited has informed the Exchange regarding a press release dated November 28, 2025, titled "Neogen Ionics concludes landmark Joint Venture Agreement with Japan's Morita Investment to produce Electrolyte Salt in India.".
NEOGEN · price
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Neogen Chemicals Limited announced that its subsidiary Neogen Ionics has finalized a Joint Venture Agreement with Japan's Morita Investment to produce electrolyte salt in India. The press release dated November 28, 2025, marks a landmark partnership aimed at setting up domestic manufacturing capacity for electrolyte salts, a key raw material used in lithium-ion batteries. Electrolyte salts are critical components for batteries powering electric vehicles (EVs), consumer electronics, and energy storage systems. This JV positions Neogen to tap into India's rapidly growing EV and battery manufacturing ecosystem, supported by government initiatives like the PLI scheme. The collaboration with a Japanese partner also brings in advanced technical expertise for high-purity electrolyte salt production.
Positive long-term signal as the JV opens a new high-growth revenue stream in battery materials; likely to boost investor sentiment and support premium valuation given the strategic relevance to India's EV and energy storage boom.