Neogen Ionics & Morita Investment form JV for Li-Ion Battery Materials
Neogen Ionics and Morita Investment form a JV to produce LiPF6 salt for Lithium-Ion Batteries. NIL will hold 80% stake and MIL 20% with USD 20 million investment in Neogen Morita New Materials Limited.
The joint venture is likely to have a medium impact as it expands Neogen's business into new materials for lithium-ion batteries and involves a significant investment.
The joint venture is expected to enhance Neogen's technological capabilities and market access in the rapidly growing Lithium-Ion Battery sector.
* 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 31 August 2025. * The objective is to utilize 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. * The manufacturing facility is proposed to be located 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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