Board Approval and Decision
The Board of Directors of TCPL Packaging Limited, at their meeting held on August 11, 2026, considered and approved entering into the new line of business of manufacturing lithium-ion battery separator films. This business will be conducted through a subsidiary company proposed to be incorporated specifically for this purpose.
Project Details and Investment
Business Venture: Manufacturing of lithium-ion battery separator films
Investment Amount: ₹125 crore
Deployment Timeline: To be deployed over the next 18 months
Project Implementation: During 2026 and 2027
Commercial Production Target: Early 2028
Technical Specifications
Manufacturing Process: Wet manufacturing process for lithium-ion battery separators
Product Function: Porous insulating film that prevents contact between electrodes while enabling lithium-ion flow
Critical Role: Essential for battery safety, energy density, and thermal stability
Cost Proportion: Represents approximately 4-6% of battery cell cost
Capacity Vision
Long-Term Capacity Target: 500 million square meters (equivalent to approximately 50 GWh)
Timeline for Capacity Build-out: Over the next 5-7 years
Strategic Rationale
Market Opportunity: Participation in the expanding Advanced Chemistry Cell battery supply chain and battery materials ecosystem
Supply Chain Localization: Enables participation in the localization of India's lithium-ion battery supply chain
Capability Building: Builds on the Group's existing capabilities in specialized films, polymer processing, precision manufacturing, R&D, process control, and quality assurance
Growth Platform: Provides opportunity to build a meaningful new business alongside existing operations
Market Context
Demand Drivers: Growth across electric vehicles, energy storage systems, consumer electronics, and other industries expected to drive sharp rise in India's battery demand
Grid-Scale Program: Reference to 10 GWh proposed domestic manufacturing capacity for grid-scale Battery Energy Storage Systems (BESS)
Company Background
TCPL Packaging Limited is one of India's leading producers of sustainable packaging solutions with paperboard-based packaging including folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. The company has also ventured into flexible packaging with capability to produce printed cork-tipping paper, laminates, sleeves, and wrap-around labels.
Corporate Presence: Headquartered in Mumbai with PAN India presence including 10 state-of-the-art manufacturing facilities and marketing offices in key metro cities.