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Battery maker Exide Industries Ltd on Thursday reported a 28 per cent rise in consolidated profit after tax at Rs 351.3 crore in the first quarter ended June 30, on the back of strong sales. The company had posted a consolidated Profit After Tax (PAT) of Rs 274.58 crore in the corresponding quarter previous fiscal, Exide Industries Ltd said in a regulatory filing. Revenue from operations in the first quarter was at Rs 5,528.38 crore as against Rs 4,695.12 crore in the year-ago period, it added. Total expenses in the first quarter were higher at Rs 5,068.78 crore as compared to Rs 4,338.12 crore in the same period a year ago, the company said. Increased affordability and positive sentiment from GST 2.0 reforms continued to drive demand for automotives into the new financial year, Exide Industries said. Commenting on the performance, Exide Industries MD & CEO Avik Roy said, "We have entered FY27 with confidence, building on the strong momentum achieved in the second half of FY26. .
India will require 888 GWh of energy storage system capacity by 2035-36, up from 1 GWh currently, according to an industry report released on Wednesday. The report highlighted how energy storage is now the key pillar in strengthening grid reliability and enabling the country's renewable energy ambitions, a statement said. India will require 888 GWh of energy storage system (ESS) capacity by 2035-36, from the existing 1 GWh scale, according to the 'India BESS Market Review' released by India Energy Storage Alliance (IESA) and Customized Energy Solutions (CES) at India Energy Storage Week (IESW) here on Wednesday. The inaugural session of IESW 2026 featured industry leaders and delegates from 15 countries. Debmalya Sen, President of IESA, said on the occasion that the IESW 2026 is more than an industry summit; it's a testament to how far India has come on its clean energy journey. The 888 GWh target by 2035-36 signals a new era where energy storage is at the centre of our energy ...
Car market leader Maruti Suzuki India Ltd on Wednesday announced the commissioning of a 1 MWh battery energy storage system at its Kharkhoda manufacturing facility in Haryana. As a pilot initiative, a Battery Energy Storage System (BESS) has been integrated into the Kharkhoda facility's internal electricity distribution network, Maruti Suzuki India said in a statement. In 2025, the company had installed a 20 MWp solar power project at the Kharkhoda facility. However, solar power generated during facility holidays could not be utilised due to the absence of demand, it added. A BESS addresses this challenge by storing excess electricity generated during low-demand periods or facility holidays and making it available when required, the company said. In addition, the BESS will help improve grid stability, Maruti Suzuki added. Stating that the company is strongly aligned with India's focus on building self-reliant energy ecosystems, Maruti Suzuki India Managing Director & CEO Hisashi
Adani Green Energy Ltd plans to invest about Rs 15,000 crore to add more than 10 gigawatt-hours (GWh) of battery energy storage capacity in the current financial year, as it pivots towards delivering reliable, dispatchable clean power amid India's accelerating energy transition. The proposed addition will be over and above the roughly 3 GWh of installed storage capacity the company expects to reach shortly, following the commissioning of 1.4 GWh during FY26, it said during its earnings call. The batteries are being developed alongside renewable generation at Khavda in Gujarat, where AGEL is building what it describes as the world's largest renewable energy park. The storage systems are aimed at supplying power during peak evening demand when solar output tapers, helping smooth load profiles and enable round-the-clock renewable energy. "We are in the process of very significantly ramping up our capacity addition for batteries which we expect to commission north of 10 GWh, in this ..
ACME Solar Holdings on Tuesday said it has secured a 220 MW solar project with Battery Energy Storage System (BESS) from Rewa Ultra Mega Solar Ltd (RUMSL). The project is part of a 440 MW tender floated by RUMSL for the Morena Solar Park in Madhya Pradesh, a company statement said. The tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted in September 2025. The project requires supplying power with a maximum annual CUF (capacity utilisation factor) of 35 per cent, along with 4 hours of peak supply (2 hours each in the morning and evening) at 95 per cent annual availability. Charging energy for the evening peak will be sourced from the solar plant, while energy for the morning peak will be supplied free of cost by the procurer during night hours. RUMSL would provide the land and evacuation infrastructure above the 33 kV level as part of the facilities offered by the solar park developer. The project would combine Solar and