TCPL Announces Strategic Entry into Lithium-Ion Battery Separator Film Manufacturing

TCPL Announces Strategic Entry into Lithium-Ion Battery Separator Film Manufacturing​

Mumbai, August 11, 2026 — TCPL Packaging Limited (TCPL), a leading producer of sustainable packaging solutions in India, announced its strategic entry into the battery materials sector. The company plans to manufacture lithium-ion battery separator films through a subsidiary that is yet to be incorporated for this purpose. This move positions the TCPL Group within the Advanced Chemistry Cell (ACC) battery materials supply chain, supporting the growing demand for specialized components used in electric vehicles and energy storage systems.

The proposed business expansion leverages TCPL's existing strengths in polymer processing, precision manufacturing, R&D, process control, and stringent quality assurance, which are complementary to the requirements of specialized film production.

Project Investment and Timeline​

TCPL has outlined a multi-year plan for this new venture. The company plans to invest approximately Rs. 125 crore over the next 18 months, funding the project through internal accruals and debt. Commercial production for the lithium-ion battery separator films is targeted for Q4 FY2028.

The lithium-ion battery separator film, which operates between the cathode and anode in a lithium-ion cell, is a critical component affecting the safety, performance, and reliability of the battery. TCPL will be developing all necessary technology and manufacturing processes to meet the stringent quality benchmarks required by lithium-ion cell manufacturers.

Capacity and Growth Potential​

The initial facility planned for the project will possess an annual capacity of 70 million square metres. This initial capacity is estimated to support 6 to 8 GWh of annual lithium-ion battery cell production.

TCPL has established a phased expansion horizon of five to seven years, during which it aims to scale up its business significantly. The long-term goal includes achieving an annual production capacity of approximately 500 million square metres of separator film, sufficient to support around 50 GWh of lithium-ion battery cell manufacturing in India.

The management intends to calibrate the pace and scale of this expansion based on market developments, technology readiness, and customer demand.

Market Outlook for Battery Storage​

This strategic move comes amidst rising global and domestic interest in sustainable energy storage. Industry estimates indicate substantial long-term growth in India's battery storage demand. The sector is projected to reach over 200 GWh by 2032 and over 1,000 GWh annually by the mid-2040s. This anticipated growth is driven by increasing adoption of electric vehicles and grid-scale energy storage solutions, necessitating a rise in domestic availability of battery components like separator film to reduce import dependence.

Company Context​

The entry into this technology-driven segment is viewed as a continuation of TCPL’s disciplined growth strategy. TCPL has, over the past three decades, delivered a revenue CAGR of approximately 17%, fueled by its focus on innovation and diversification.

Mr. Saket Kanoria, Chairman & Managing Director of TCPL Packaging Limited, commented that the company is pleased to announce the venture, noting that the battery materials business "fits naturally with our track record of identifying and scaling new opportunities ahead of the curve."

TCPLPACK Stock Price Movement​

TCPL Packaging Limited shares surged on Tuesday, rallying an impressive 12.12% to settle at ₹3702.5 after strong buying interest concluded the session. The ascent propelled the stock to hit its 52-week high, with the equity trading within a wide intraday range of ₹3240 and ₹3960 on a volume of 35,619 shares.