Strategic Investment in Next-Gen Battery Technology
Exide Industries Limited (EIL) has invested an additional ₹80 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), strengthening its push into lithium-ion battery manufacturing. This brings EIL’s total investment in the subsidiary to ₹3,882.23 crore. The capital infusion was carried out via a rights issue, with EESL allotting 2 crore equity shares of ₹10 each at a premium of ₹30 per share. EIL continues to hold 100% of the subsidiary.
Greenfield Manufacturing Facility in Bengaluru
The investment will primarily fund EESL’s greenfield battery manufacturing facility in Bengaluru and support operational requirements. The subsidiary focuses on producing advanced lithium-ion cells, modules, and packs for electric vehicles and stationary energy storage applications. EESL manufactures cylindrical, prismatic, and pouch-form batteries, catering to India’s growing EV market.
Financial Snapshot
- Paid-up equity capital as of March 31, 2025: ₹1,274.21 crore
- Net worth: ₹2,738.06 crore
- Revenue FY2024-25: ₹116.89 crore
- Loss after tax FY2024-25: ₹209.12 crore
Over the past three years, EESL has seen fluctuating turnover, with ₹112.05 crore in FY2022-23 and ₹239.14 crore in FY2023-24.
Future Outlook
Exide’s latest investment underlines its commitment to diversify beyond lead-acid batteries into next-generation energy storage solutions. By scaling up lithium-ion capabilities, EIL aims to meet the rising demand for electric vehicle batteries and stationary energy systems, reinforcing its position as a key player in India’s clean energy transition.
EIL disclosed the investment to BSE, NSE, and Calcutta Stock Exchange in compliance with SEBI regulations.
