Exide Industries is reportedly planning to enter in lithium ion batteries. In this regards, the company has signed a technology co-operation agreement for the design and manufacture of lithium ion family of products with Chawei Group, a renowned company of China.
Moreover, the company has asked for 25 acres from Kolkata Port Trust and another 25 acres from the Haldia Development Authority. Additionally, it was also acquiring land around its Hosur factory, keeping future growth in mind. Exide's capex plan for the year is Rs 1,100 crore.
Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. It is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country.
Company Name | CMP |
---|---|
Exide Inds | 461.30 |
Amara Raja Energy | 1158.75 |
HBL Power Sys | 466.50 |
Eveready Inds. India | 353.00 |
Indo-National | 677.70 |
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