Extract from Bard
Nile Limited and its subsidiaries have the following capex plans:
| Company | Capex | Capacity | Timeline |
|---|---|---|---|
| Nile Li-Cycle | INR 600 million | 5,000 tonnes per annum | Operational in H1 2024 |
| Nirmalya Extract | INR 200 million | 200 tonnes per annum | Operational in Q4 FY24 |
Nile Li-Cycle is a joint venture between Nile Limited and Li-Cycle Holdings Corp. The company is engaged in the recycling of lithium-ion batteries. Nile Li-Cycle’s lithium-ion battery recycling facility will be the first of its kind in India. The facility will be able to recycle all types of lithium-ion batteries, including those used in electric vehicles, consumer electronics, and energy storage systems.
Nirmalya Extract is a subsidiary of Nile Limited that is engaged in the extraction of natural products from plants. The company is expanding its capacity to meet the growing demand for its products.
Nile Limited is also planning capex of around INR 200 million in Nirmalya Extract post the completion of the current capex.
Overall, Nile Limited is investing in new technologies and expanding its capacity to meet the growing demand for its products.
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