There was a old announcement on one of these threads that...

There was a old announcement on one of these threads that someone translated which stated that BCC was committing to ~$120M of investment in Lithium Ion batteries this year but at the end of the day they're just an option for MTC. There's a reason why part of the agreement even back then was a clause that entitled them to match another company's project level investment.

'The Indian government has mandated all State-owned mineral-based companies to pool their resources to acquire lithium and cobalt assets overseas.
A rough deadline of March 2019 has been set for these companies to complete all formalities, such as leveraging their balance sheets jointly, form joint ventures (JVs), consortiums or any such suitable corporate structures so that process of scouting and acquiring lithium and cobalt assets could get under way next financial year.
“The mandate for these companies is to acquire and source strategic minerals, lithium and cobalt from abroad,” joint secretary of the Mines Ministry, Anil Kumar Nayak, said.
“Joint ventures of government companies will acquire assets overseas and do the mining operations jointly with entitled agencies in host countries. We will also invite Indian private companies to join in the proposed ventures,” he added.

'If India's adoption of Autos 2.0 exceeds Morgan Stanley's base case, the total available market by 2030 could reach as high as US$1 trillion.'