Exide's Bengaluru lithium-ion plant eyes FY25 launch
POWER & RENEWABLE ENERGY

Exide's Bengaluru lithium-ion plant eyes FY25 launch

Exide Industries is making swift progress in the construction of its greenfield lithium-ion cell manufacturing venture in Bengaluru, with the first phase of commercial production anticipated by the close of the next financial year (FY25), according to Subir Chakraborty, the Managing Director and CEO. 

The plant is planned in multiple phases, with a total capacity of 12-gigawatt hours (GWh). The initial phase, constituting 6 GWh, necessitates an investment of approximately Rs 40 billion, while the overall project cost of Rs 60 billion will be financed through internal accruals and bridge loans. 

This move is aimed at securing an early-mover advantage in the thriving electric vehicle market, with nearly 70% of the anticipated lithium-ion battery demand earmarked for automotive applications. The remainder, around 30%, will cater to industrial usage.

In parallel to the Bengaluru plant, Exide's subsidiary, Exide Energy Private Limited (EEPL), is actively involved in lithium-ion endeavours in Gujarat. EEPL produces Nexcharge brand battery modules and packs, with an order book of about Rs 7 billion scheduled for completion within the coming 12 to 15 months. EEPL will eventually merge with Exide Energy Solutions (EESL), which is currently establishing a lithium-ion cell manufacturing project in Karnataka.

Exide's lithium-ion endeavours are further supported by a technical partnership with Chinese firm SVOLT Energy Technology (SVOLT) for the cells project. Despite a minor setback due to anti-dumping duties imposed by Gulf Cooperation Council (GCC) countries, Exide remains committed to exploring alternate markets such as Russia, Europe, and the US, as it accounts for around 8% of its turnover in exports. 

Chakraborty is optimistic about the business outlook, highlighting the rebound from the pandemic phase, resumption of OEM production, increased investments in industrial applications due to infrastructure development, and promising prospects in the international battery market.

Exide Industries is making swift progress in the construction of its greenfield lithium-ion cell manufacturing venture in Bengaluru, with the first phase of commercial production anticipated by the close of the next financial year (FY25), according to Subir Chakraborty, the Managing Director and CEO. The plant is planned in multiple phases, with a total capacity of 12-gigawatt hours (GWh). The initial phase, constituting 6 GWh, necessitates an investment of approximately Rs 40 billion, while the overall project cost of Rs 60 billion will be financed through internal accruals and bridge loans. This move is aimed at securing an early-mover advantage in the thriving electric vehicle market, with nearly 70% of the anticipated lithium-ion battery demand earmarked for automotive applications. The remainder, around 30%, will cater to industrial usage.In parallel to the Bengaluru plant, Exide's subsidiary, Exide Energy Private Limited (EEPL), is actively involved in lithium-ion endeavours in Gujarat. EEPL produces Nexcharge brand battery modules and packs, with an order book of about Rs 7 billion scheduled for completion within the coming 12 to 15 months. EEPL will eventually merge with Exide Energy Solutions (EESL), which is currently establishing a lithium-ion cell manufacturing project in Karnataka.Exide's lithium-ion endeavours are further supported by a technical partnership with Chinese firm SVOLT Energy Technology (SVOLT) for the cells project. Despite a minor setback due to anti-dumping duties imposed by Gulf Cooperation Council (GCC) countries, Exide remains committed to exploring alternate markets such as Russia, Europe, and the US, as it accounts for around 8% of its turnover in exports. Chakraborty is optimistic about the business outlook, highlighting the rebound from the pandemic phase, resumption of OEM production, increased investments in industrial applications due to infrastructure development, and promising prospects in the international battery market.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?