Exide Industries targets telecom sector with ₹6,000 cr investment
pre-market1 source ↓written by the desknot a recommendation
- to manufacture in-house
- ₹6,000 cr
- production capacity
- 12 GWh
- in phase one
- 6 GWh
Exide Industries is investing ₹6,000 cr to manufacture in-house Lithium-Ion batteries for the telecom sector. The company aims for a production capacity of 12 GWh, starting with 6 GWh in phase one, enhancing its B2B presence in the telecom tower segment. This strategic move may improve margins and technological independence in the EV ecosystem.
Not investment advice. For informational purposes only.