LICO Materials has been awarded ₹25 crore under the Indian government's critical mineral recycling scheme. The company was chosen from hundreds of applicants, demonstrating its advanced technical capabilities in battery chemistry and hydrometallurgy. This funding supports LICO's roadmap for executing recycling initiatives focused on critical minerals, which are essential for battery production and sustainable resource management. The scheme aims to promote innovation and efficiency in recycling technologies within India, aligning with national goals for resource security and environmental sustainability. LICO was selected from among hundreds of applicants, reflecting the company's deep technical expertise in battery chemistry and hydrometallurgy, as well as the rigour of its execution roadmap.