NAN GreenMet and Silox form 50:50 JV to build India's advanced Li‑ion battery recycling platform
Key highlights
- N.A.N. GreenMet and Silox have formed NAN Silox GreenMet Pvt. Ltd. as a 50:50 joint venture.
- The JV will establish India's most advanced Li‑ion battery recycling and critical minerals recovery platform.
- N.A.N. GreenMet was founded by Navin Agarwal, Vice Chairman of Vedanta.
- Silox is a Belgium‑headquartered global leader in hydrometallurgical processing of non‑ferrous metal residues.
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NAN Silox GreenMet Li-ion battery recycling platform in Andhra Pradesh · India
Announced / Concept
2026-06-18
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Deal
N.A.N. GreenMet and Silox announced the formation of NAN Silox GreenMet Pvt. Ltd., a 50:50 joint venture to develop battery recycling and critical minerals recovery in India.
Scope
The joint venture is positioned to establish what the parties describe as India's most advanced Li‑ion battery recycling and critical minerals recovery platform.
Parties and expertise
N.A.N. GreenMet is the advanced manufacturing platform founded by Navin Agarwal, Vice Chairman of Vedanta. Silox is a Belgium‑headquartered global leader in hydrometallurgical processing of non‑ferrous metal residues, bringing processing expertise to the JV.
Source: Silox