Exide Industries plans Rs 400 crore capex for 2010-11

Date: 15-07-2010

To meet the growing demand for batteries from the car and motorcycle sectors, Exide Industries is planning to spend Rs 400 crore during FY11 to increase capacity in its various plants. The company is increasing SLI (starting-lighting-ignition) capacity by 28 per cent and motor cycle battery capacity by 60 percent.

Out of Rs 400 crore, the company would spend Rs 80 crore on its Ahmednagar plant in Maharashtra that would come up in August this year. Exide is also working on new products like lithium-ion batteries for automobile and batteries for electric motorbikes.

During FY10, 42 per cent of total lead requirement came from the existing two smelters. The company now plans to source 70 percent within the next two-three years through expansion of these facilities or by acquisition of smelting capacities. crack crack