Neogen Chemicals Limited at its Board Meeting held on October 30, 2021, approved an estimated capex of INR 350 million at Karakhadi Plant for: Setting up of a plant with a capacity of producing 250 MT per annum of Electrolyte for Lithium Ion batteries advance chemistry cells; Setting up of dedicated Pilot Plant facility to speed up process development and commercialization of specialty chemicals and overall Karakhadi site development.