PCBL, the largest carbon black manufacturer in India, as per its announcement made earlier has executed a JV with Kinaltek, an Australian company, which has developed nano silicon technology for battery application. PCBL shall own 51% of the JV company which will have the intellectual property and know-how of products of battery application and a pilot plant for the same. PCBL will initially do an equity infusion of US$ 16 million along with a commitment to infuse additional funds up to US $28 million in stages (subject to the completion of certain milestones).
