Neogen Chemicals’ battery materials arm, Neogen Ionics, is progressing on its greenfield electrolyte facility at Pakhajan, Dahej PCPIR, which uses MUIS technology.

Piling is complete, civil works are largely finished, and long-lead equipment orders have been placed. Factory Acceptance Testing (FAT) of the modular manufacturing plant is underway at Mitsubishi Engineering Corporation/contractor’s site.

Of the planned Rs 1,500-crore capex, Rs 506 crore has been deployed to date, including Rs 36 crore in Q1/FY26. Its wholly owned subsidiary, Neogen Morita New Materials (NML), a step-down subsidiary of Neogen Chemicals, is partnering with Morita Chemicals Industries, Japan, a lithium salts producer with over 30 years’ experience. Lithium salts produced will be used captively for electrolyte manufacturing and sold globally.

Reconstruction of its Dahej plant is on track for completion next year. The Pakhajan project is a strategic growth pillar, aimed at capturing rising demand in the energy storage materials market. In Q1/FY26, Neogen Chemicals posted revenues of Rs 187 crore, up four percent YoY.