Neogen Ionics Ltd enters into Joint Venture Agreement with Morita Investment Ltd
Neogen Ionics and Morita Investment enter a joint venture to produce LiPF6 salt for Lithium-Ion Batteries. Neogen Ionics will hold 80% stake and Morita will hold 20% stake by contributing USD 20 million.
The joint venture has the potential to create new revenue streams and enhance Neogen Chemicals' position in the Lithium-Ion Battery material space. The investment of USD 20 million is significant, but the long-term impact will depend on the success of the joint venture.
The joint venture is expected to benefit Neogen Chemicals by leveraging the technological and manufacturing capabilities of both organizations, and by participating in the rapidly growing Lithium-Ion Battery business.
* Neogen Ionics Limited (NIL), a wholly owned subsidiary of Neogen Chemicals, and Morita Investment Limited (MIL) have entered into a Joint Venture Agreement (JVA) on August 31, 2025. * The objective is to utilize the technological and manufacturing capabilities of both organizations in the Lithium-Ion Battery business. * Both JV Partners will invest in Neogen Morita New Materials Limited (NML), a wholly owned subsidiary of NIL. * NIL will own an 80% majority stake in NML, while MIL will hold the remaining 20% by contributing USD 20 million (₹166 crore approx). * NML will focus on the production, development, and sale of solid LiPF6 salt, a key ingredient for producing electrolyte used in Lithium-Ion Batteries, at Pakhajan, Gujarat.
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Neogen Chemicals Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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