The strategic location, with proximity to established industrial projects, complements Neogen Ionics’ strategic expansion plans
Arete Group, a leading industrial real estate player in Gujarat, announces an industrial land purchase of 65 acres at PIP (Payal Industrial Park) in Pakhajan, Dahej PCPIR, Gujarat by Neogen Ionics Limited. Neogen Ionics, a wholly-owned subsidiary of Neogen Chemicals Limited, has completed the land acquisition as a pivotal move towards establishing a world-class Battery Materials facility on this expansive greenfield site.
The newly acquired land is dedicated to the manufacturing of cutting-edge battery materials, including 30,000 MT of electrolytes and 4,000 MT of electrolyte salts and additives in the first phase. Neogen Ionics aims to operationalise the electrolyte plant by the second half of 2025, catering to the growing demand from lithium-ion cell manufacturers in India and the expanding international OEM demand for Electrolyte Salts and additives.
Arete Group, through its flagship project PIP, aligns seamlessly with Neogen Ionics’ vision, offering a conducive environment for industrial growth and innovation. PIP, spread across 3,500 acres, provides plug-and-play land and infrastructure tailored to the specific needs of industries. The strategic location, with proximity to established industrial projects, complements Neogen Ionics’ strategic expansion plans.
Commenting on the successful land acquisition, Siraj Saiyed, Director of Arete Group, stated, “We are delighted to facilitate Neogen Ionics’ strategic move to establish a state-of-the-art Battery Materials facility at PIP. This collaboration exemplifies our commitment to fostering innovation and sustainable industrial development in the region. PIP is uniquely designed to support transformative initiatives, and we are enthusiastic about contributing to the success of Neogen Ionics’ visionary project.”
