Shri Shirdi Sainath Power Infratech Pvt. Ltd. will invest Rs 87.55 crore to establish a lithium-ion battery manufacturing plant at the Hathua Industrial Area in Gopalganj, Bihar. The facility will have a production capacity of 5,000 batteries per day and is expected to become operational by 2027. The project will manufacture batteries for applications across…
The Ministry of Finance, through the Department of Revenue, has amended the customs notification governing concessional import duty on machinery used for lithium-ion cell manufacturing. The amendment expands the list of eligible equipment to support domestic Advanced Chemistry Cell (ACC) manufacturing. The Central Government amended the provisions of Customs Notification No. 21/2002-Customs, originally issued on…
Luminous Power Technologies has inaugurated its first lithium-ion battery assembly line in Baddi, Himachal Pradesh, expanding its manufacturing footprint into advanced energy storage. The new facility has an installed capacity of 500 MWh and will meet rising demand for battery solutions across residential, commercial and electric mobility applications. The assembly line uses robotic automation and…
Exide Industries Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). The investment, completed on January 28, 2026, takes Exide’s total exposure in the lithium ion battery business to Rs. 4,252.23 crore. The company invested in a rights issue, subscribing to 1.25 million equity shares at…
Honeywell has secured a contract to deliver building automation solutions for Exide Energy Solutions Ltd (EESL), a subsidiary of Exide Industries Ltd. The project will involve deploying Honeywell’s Enterprise Buildings Integrator (EBI) platform for centralized monitoring and control of the 80-acre lithium-ion gigafactory campus in Bengaluru. These solutions will enhance operational efficiency, improve incident response,…
CBMM has inaugurated a state-of-the-art niobium-based anode production facility in Araxá, Brazil, marking a milestone in advanced battery technology. The plant will produce 2,000 tonnes of Echion Technologies’ XNO active anode material annually, equivalent to one gigawatt-hour of lithium-ion battery cells. This facility is the largest of its kind globally and aims to serve the…