NAN Silox GreenMet Pvt Ltd, a 50:50 joint venture between India’s NAN GreenMet and Belgium-based Silox Group, has appointed Vijay Pasupathy as Chief Executive Officer as it moves ahead with its lithium-ion battery recycling and critical metals recovery project at Naidupeta, Andhra Pradesh.
The company has received Consent to Establish (CTE) and is preparing for groundbreaking at the proposed facility, which involves an initial investment of ₹1,400 crore. It is also planning additional investments to expand into the production of precursor cathode active materials (pCAM) and cathode active materials (CAM), while pursuing technology partnerships with international companies.
Mr Pasupathy brings more than two decades of experience in industrial operations, strategy and business development. He previously served as Executive Vice President at Epsilon Advanced Materials and held senior positions at Orbia and EY. In his new role, he will oversee project execution at Naidupeta and lead the company’s planned expansion into advanced cathode materials.
To support the project, the company has appointed Rakesh Patel as Chief Operating Officer, Harish Aich as Chief Technology Officer, M Sri Rama Krishna Murthy as Deputy Chief Financial Officer, Partha Reddy as Chief Supply Chain Officer and Alisha Abbas as Head of Human Resources. The leadership team brings experience in metallurgy, mineral processing and large-scale industrial operations from organisations including Hindalco, Shell, ExxonMobil, Adani’s Kutch Copper and Hyundai.
The Naidupeta facility is planned to have an ultimate shredding capacity of 40,000 tonnes per annum and hydrometallurgical processing capacity of 20,000 tonnes per annum. The capacities will be developed in phases. Its processing technology will recover critical metals and produce high-purity, battery-grade salts for use in downstream pCAM and CAM manufacturing.
Naivedya Agarwal, Director and Co-founder of NAN GreenMet, said the appointment of Pasupathy and the experienced operational team would support the next stage of the company’s development. He added that expanding into cathode materials would allow recovered critical minerals to be processed further and reused in battery manufacturing in India.
Jean-Christophe Bogaert, Chairman of Silox Group, said the company’s hydrometallurgical expertise would support industrial execution at Naidupeta and future discussions on technology partnerships for pCAM and CAM production. India’s battery manufacturing industry is expanding, but the country continues to depend on overseas suppliers for processed cathode materials. By connecting battery recycling with downstream materials production, NAN. Silox GreenMet aims to strengthen domestic supply chains, improve recovery of valuable metals and reduce reliance on imported battery materials.
NAN Silox GreenMet Pvt Ltd is a 50:50 joint venture between India’s NAN GreenMet and Belgium-based Silox Group. The company is developing an integrated lithium-ion battery recycling and critical materials recovery facility at Naidupeta, Andhra Pradesh, with a planned investment of approximately ₹1,400 crore. At full capacity, the facility is designed to process 40,000 tonnes of battery material annually through shredding and 20,000 tonnes through hydrometallurgical processing, supporting the recovery of valuable metals for reuse in the battery manufacturing industry.
NAN GreenMet is an Indian industrial platform focused on critical materials and advanced manufacturing. Its business interests include lithium-ion battery recycling, critical mineral recovery, rare earth permanent magnets and precision blasting. The company is building its operations through strategic partnerships with global technology providers and investments in domestic manufacturing, with the aim of strengthening India’s industrial capabilities and supply chains.
Silox Group is an international chemical company headquartered in Belgium, specialising in critical metals recovery, specialty chemicals and advanced materials. The company develops hydrometallurgical technologies to extract and refine valuable metals from secondary resources, supporting resource efficiency and circular economy initiatives. With industrial operations in Belgium, India, Canada, France, Germany and Thailand, Silox provides chemical and metallurgical solutions to customers across global markets.
