Exide Industries is aiming to invest Rs 6,000 crore in next 8-10 years to set up 12 gigawatt-hour lithium-ion cell manufacturing unit in Karnataka. The first phase of its 6Gwh lithium-ion battery plant in Karnataka will be ready in 27-30 months, and it has lined up Rs 3,800-4,000 crore investment to execute the project. Once the plant reaches its peak 12Gwh capacity, the company is expected to generate a revenue of Rs 10,000-12,000 crore. It is also working on various new technologies in the lead-acid battery space.
Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.
| Company Name | CMP |
|---|---|
| Exide Inds | 330.05 |
| Amara Raja Energy | 778.45 |
| HBL Engineering | 786.60 |
| Eveready Inds. India | 302.45 |
| Indo-National | 326.15 |
| View more.. | |
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