Shyam Metalics & Energy Limited: Powering AatmaNirbhar Bharat with Battery-Grade Aluminium Foil

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Shyam Metalics: Leading the Charge in India’s Energy Storage Sector with Aluminium Foil Innovation

Shyam Metalics & Energy Limited, a leading integrated metal producer based in Kolkata, has made a significant announcement that marks its entry into the energy storage sector. The company is gearing up to produce battery-grade aluminium foil, a critical component in lithium-ion cells. This move aligns with the government’s AatmaNirbhar Bharat initiative, positioning Shyam Metalics as one of the first large-scale domestic contributors to this sector.

The Role of Aluminium Foil in Lithium-Ion Cells

Aluminium foils serve as current collectors in lithium-ion batteries. They are preferred for their lower specific gravity, lower electrical resistivity, and higher heat conductivity. Recent advances in rolling and alloy manufacturing technologies have enabled the production of uniformly thick, high-strength battery aluminium foil.

For the production of 1GWh (gigawatt-hour) of LFP (Lithium Iron Phosphate) cells, which power a wide variety of electric vehicles and energy storage systems, 350 tons of high purity and uniform-thickness aluminium foil is required. The demand doubles for Sodium-ion batteries where both positive and negative current collectors are expected to use aluminium foils.

Shyam Metalics’ Contribution to the Energy Storage Sector

Shyam Metalics is already a major producer and exporter of aluminium foil for various industrial applications with an annual output of 20,000 tons. The company’s entry into the energy storage sector involves producing high-purity aluminium foil for lithium-ion cells used in electric vehicles and energy storage systems.

The customised battery aluminium foil from Shyam Metalics, with thickness ranging from 12-micron to 20-micron, has been tested and validated by third-party laboratories. The company also possesses state-of-the-art German equipment capable of manufacturing aluminium foils as thin as 6 microns. This capability aligns with future requirements, as foil thickness is expected to decrease with the evolution of Lithium-ion cell technologies to enhance cell gravimetric energy density.

The Future of Energy Storage in India

According to various industry and policy assessments, India needs over 903 GWh of energy storage system capacity to decarbonise its mobility and power sectors; and lithium-ion batteries will have a very big market share in this. During the April-November 2022 period, India spent USD 1.8 billion to import 5,486.18 kWh lithium-ion batteries due to rising demand for electric vehicles and green energy solutions.

As India prepares to establish Lithium-ion cell Giga-factories as part of the government’s production-linked incentive (PLI) scheme, Shyam Metalics’ entry into the raw material space for Lithium-ion cell manufacturing strengthens the indigenization drive in the strategically important energy storage solutions sector and provides the company with a future-relevant business opportunity.

In conclusion, Shyam Metalics & Energy Limited’s entry into the energy storage sector marks a significant step towards supporting India’s energy transformation. By manufacturing battery-grade aluminium foil for lithium-ion cells, the company is not only contributing to localising battery cell production but also supporting the government’s efforts towards an AatmaNirbhar Bharat.



Shyam Metalics, Energy Storage, Battery-Grade Aluminium Foil, Lithium-Ion Cells, AatmaNirbhar Bharat, Energy Sector, Kolkata, Metal Producer

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