CURRENT AFFAIRS

Detailed explanation-1: -India signs MoU for lithium and cobalt - Australian Mining.

Detailed explanation-2: -Exide Industries is India’s largest selling battery company. Exide plans to participate in the PLI Scheme for National Programme on ACC battery storage and it recently forayed into lithium ion cell manufacturing.

Detailed explanation-3: -OKAYA is the leading brand in the Lithium-ion Battery Manufacturers in India and it manufactures high-quality Inverter batteries, Solar batteries, E-Rickshaw batteries, and SMF (VRLA) batteries.

Detailed explanation-4: -The Minister of State for Electronics and Information Technology, Shri Rajeev Chandrasekhar will visit India’s first lithium cell manufacturing facility at Tirupati, Andhra Pradesh, tomorrow. This state-of-the-art facility has been set up by the Chennai based Munoth Industries Limited with an outlay of Rs. 165 crores.

Detailed explanation-5: -Researchers at the Atomic Minerals Directorate (AMD)for Exploration and Research, which is a constituent of Department Atomic Energy (DAE) has estimated lithium reserves of 14,100 tonnes in a small patch of land surveyed in Southern Karnataka’s Mandya district.