Mumbai, Aug. 18 -- Epsilon Advanced Materials has received government approval for its Epsilon C2GR anode material project under the Electronics Components Manufacturing Scheme, administered by the Ministry of Electronics and Information Technology.

The scheme provides INR 1.45 billion in capital expenditure support, representing 25 percent of the project's capital investment. Epsilon stands as the single manufacturer approved for anode material production in this evaluation round. Across all product categories, the Electronics Components Manufacturing Scheme has cleared 106 projects representing INR 695.48 billion in total investment.

The sanctioned project focuses on establishing domestic production of graphite anode materials for lit...