{"id":148665,"date":"2023-06-15T03:03:01","date_gmt":"2023-06-15T07:03:01","guid":{"rendered":"https:\/\/44.250.171.167\/?p=148665"},"modified":"2023-06-15T03:03:04","modified_gmt":"2023-06-15T07:03:04","slug":"exide-industries-a-bet-on-the-energy-sector","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/exide-industries-a-bet-on-the-energy-sector\/","title":{"rendered":"Exide Industries: A Bet on the Energy Sector"},"content":{"rendered":"\n

\u201cMoving to our lithium-ion cell manufacturing projects under our subsidiary, Exide Energy Solutions Limited, the project is progressing extremely well. All necessary permissions have been secured and site-enabling work has been completed. On the ground, construction activity has been initiated and foundation linked work is progressing in full swing. We have recruited senior management team comprising experience and senior personnel in functions such as R&D, sales, procurement, quality, IT and others. This team is expected to ensure timely project execution and delivery. We have so far invested INR715 crores in the project. Another subsidiary, Exide Energy Private Limited, which develops and manufactures Lithium-ion based modules and packs is also doing well. The company has received orders of INR600 crores to INR700 crores to be executed in the next 12 to 15 months for its various verticals such as 2- wheelers, 3-wheelers, commercial vehicles and telecom.\u201d<\/em><\/p>– Mr. Subir Chakraborty, Managing Director & CEO\u00a0 in Q4FY23 Concall<\/em><\/cite><\/blockquote>\n\n\n\n

Stock Data<\/strong><\/td><\/tr>
Ticker<\/strong><\/td>EXIDEIND<\/strong><\/td><\/tr>
Exchange<\/strong><\/td>NSE<\/strong><\/td><\/tr>
Industry<\/strong><\/td>BATTERY<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Price Performance<\/strong><\/td><\/tr>
Last 5 Days<\/strong><\/td>-0.29%<\/strong><\/td><\/tr>
YTD<\/strong><\/td>+15.05%<\/strong><\/td><\/tr>
Last 12 Months<\/strong><\/td>+47.80%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*As of 15.06.2023<\/p>\n\n\n\n

Company Description:<\/strong><\/h2>\n\n\n\n

Exide Industries Limited is one of India’s leading companies in the storage battery industry. Established in 1947, the company has over seven decades of experience in manufacturing and selling a wide range of storage batteries for automotive, industrial, and other applications. Exide Industries is headquartered in Kolkata, West Bengal, and operates globally, exporting its products to more than 90 countries.<\/p>\n\n\n\n

Exide Industries operates through four major business segments: Automotive Batteries, Industrial Batteries, Sub-Contracting, and Lead and Lead Alloys. The Automotive Batteries segment primarily manufactures batteries for various types of vehicles, including cars, motorcycles, trucks, and agricultural vehicles. The Industrial Batteries segment focuses on batteries for applications such as uninterrupted power supply (UPS), telecommunications, railways, solar, and other industrial uses. The Sub-Contracting segment involves manufacturing batteries for original equipment manufacturers (OEMs) and other battery companies. The Lead and Lead Alloys segment produces lead, lead alloys, and plastic molding compounds.<\/p>\n\n\n\n


Key Strengths:<\/strong><\/h2>\n\n\n\n