Neogen Chemicals Shares Gains Nearly 4% on Lithium-Ion JV with Morita Group

Mumbai, September 1, 2025: Neogen Chemicals Ltd (NSE: NEOGEN) jumped nearly 4% in the morning trade. This rise was seen after the announcement of a joint venture through the company’s subsidiary, Neogen Ionics, with Japan’s Morita Investment Limited. This was built on renewed investor appetite for specialty chemical companies targeting EV materials.

Neogen Chemicals Limited, listed since May 2019, operates in the specialty chemicals sector with a focus on lithium-ion battery materials, electrolytes, and specialty organic and inorganic chemicals.

JV Deal Worth ₹3,940 Crore Market Cap Opens New Growth Avenue as Neogen Secures 80% Stake in Lithium-Salt Manufacturing Venture

As per filings, the JV deal, sealed on August 31, 2025, will lead to the incorporation of Neogen Morita New Materials Limited (NML), in which Neogen Ionics will have at least 80% and Morita Investment a maximum of 20%. NML will set up a manufacturing plant at Pakhajan, Gujarat, to make solid LiPF₆ salt, a key electrolyte material for lithium-ion batteries. The firm noted Neogen can appoint a maximum of four directors to the board of NML, and Morita will make one such appointment. This Indo–Japanese alliance will synergize Morita’s over 30 years of experience in lithium-salt production and worldwide production network.

Neogen Chemicals Shares Surge 3.96% to ₹1,459.80 with Intraday High of ₹1,472.90 Amid Investor Optimism on EV Materials Expansion

At 11:42 a.m. IST on September 1, 2025, shares of Neogen Chemicals Ltd were trading at ₹1,459.80, up ₹55.60 or 3.96% for the day. The stock opened at ₹1,426.00 and touched an intraday high of ₹1,472.90 and a low of ₹1,425.00. Market capitalization stood at ₹3,940 crore, with a P/E ratio of 114.49 and a dividend yield of 0.069%. Recent technical charts show a six-month fall of approximately 13% in the stock, with the 52-week range of ₹1,390 to ₹2,420 indicating further volatility.

Strategic Alliance with Morita Brings 30 Years of Lithium-Salt Expertise, Strengthening Neogen’s Position in Global EV Supply Chains

• Technology Advantage: Access to Morita’s extensive domain expertise and global market access in the JV will enhance Neogen’s capability to address global battery material demand.
• Long-Term Growth Driver: With EV adoption picking up, the partnership has the potential to provide a strategic advantage to Neogen in battery supply chains.
• Enhancing Confidence: The market’s positive share response highlights approval of the strategic direction by the market.

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REF: https://nsearchives.nseindia.com/corporate/NEOGEN_31082025131416_OutcomeJV.pdf

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