Neogen Ionics & Morita Investment enter JV for Li-ion battery materials
Neogen Ionics and Morita Investment enter a joint venture with Neogen Morita New Materials Limited (NML) for Li-ion battery materials, with MIL investing USD 20 million for a 20% stake.
The joint venture is likely to have a moderate impact on the company's business prospects by expanding its presence in the lithium-ion battery materials market.
The joint venture is expected to benefit Neogen Chemicals through technological and manufacturing synergies 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 leverage technological and manufacturing capabilities for the Lithium-Ion Battery business. * Both parties will invest in Neogen Morita New Materials Limited (NML), a wholly-owned subsidiary of NIL. * NIL will hold an 80% majority stake in NML, while MIL will hold the remaining 20% by contributing USD 20 million (₹166 Crore approximately). * 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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