In a historic move, Surekha Group of Companies, led by dynamic MD/CEO Thakur Ajay, has emerged victorious in the Silver Peak Lithium Mine auction, making the highest bid of a staggering $8 billion. This strategic acquisition positions Surekha Group as a dominant force in the lithium market, elevating Thakur Ajay’s net worth to an impressive $8.4 billion (Rs 65,000 crore).
Surekha Group, renowned as one of the largest battery manufacturers in India and Australia, has now solidified its presence on the global stage. The acquisition of Silver Peak Lithium Mine not only establishes a stronghold in Australia but also marks the company’s entry into European markets, setting the stage for a monopoly in the rapidly growing electric vehicle (EV) industry.
Thakur Ajay, MD/CEO of Surekha Group, expressed his vision for the future, stating, “We are committed to breaking the Chinese monopoly in the battery industry. This strategic move aligns with our mission to revolutionize the EV sector globally.” In line with this commitment, Surekha Group recently inked a monumental $2 billion investment deal with the United Kingdom, emphasizing their dedication to pioneering advancements in EV technology.
Despite its Indian roots, Surekha Group’s significant investments abroad underscore its global ambitions. Thakur Ajay highlighted the company’s focus on generating employment opportunities, with the release of 1,500 job vacancies. The move is set to contribute to the empowerment of unemployed youths and further strengthen the company’s commitment to social responsibility.
As Surekha Group gears up for the challenges ahead, the recent valuation surge of approximately Rs 65,000 crores showcases the market’s confidence in the company’s strategic vision. The group’s expansion, coupled with its continuous efforts to disrupt the battery industry, positions Surekha Group as a key player in shaping the future of sustainable energy solutions on a global scale.
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