Page 4 - Exide Industries

Exide Industries announces investment of Rs 6,000 crore in Karnataka

Exide Industries on Thursday announced an investment of Rs 6,000 crore in Karnataka. This is for setting up one of the largest giga factories for advanced cell chemistry technology. "Exide Industries MD & CEO, Subir Chakraborty, met with Chief Minister (Basavaraj Bommai) this morning for Rs 6,000 crore investment in a Lithium-Ion cell manufacturing giga factory," Department for Industries and Commerce said in a statement. Stating that this will be one of the country's largest giga factories for advanced cell chemistry technology, it said Exide has requested 80 acres of land in the Haraluru Industrial Area near Bengaluru airport. The project is expected to generate 1,200 -1,400 employment opportunities, it added.

Exide collaborates with China for lithium-ion cell manufacturing in India

Storage battery major Exide Industries has forged a multi-year technical collaboration with a Chinese company for lithium Ion battery manufacturing in India.

Exide, India Cement: 5 mid, smallcaps that look attractive post Budget 2022

Stocks like Godrej Property can surge 15 per cent, where as Navin Fluoro can easily jump another 10 per cent provided it consecutively closes above Rs 4250

Exide Industries profit drops 26% at Rs 178 crore in December quarter

Exide Industries on Monday said its consolidated net profit declined 26 per cent to Rs 178 crore in the third quarter ended December 31, 2021. The company had reported a net profit of Rs 240 crore in the same period of 2020-21. Revenue from operations rose to Rs 3,312 crore as compared with Rs 2,891 crore, Exide Industries said in a regulatory filing. "Due to unprecedented input cost inflation, profitability has been adversely impacted," MD & CEO Subir Chakraborty noted. The Kolkata-based company said its board has declared an interim dividend of 200 per cent for 2021-22.

Exide Industries Q2 consolidated net dips 24% at Rs 194 crore

The battery maker had reported a net profit after tax of Rs 256.62 crore in the corresponding quarter of the preceding fiscal

Exide Industries soars 14% on divestment of life insurance biz to HDFC Life

On the other hand, HDFC Life was down 4 per cent at Rs 728.55 on the BSE on profit booking

Exide Industries may foray into lithium-ion battery manufacturing

The country's largest lead acid battery maker, Exide Industries Ltd, on Tuesday said it is evaluating foray into manufacturing Advance Cell Chemistry batteries, commonly referred to as lithium-ion batteries. To take a final call, the company is waiting for the Productivity Linked Incentive (PLI) details to come. The Centre recently approved a PLI scheme on such batteries. The scheme outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced cell chemistry. We are evaluating installing Advance Cell Chemistry Project. We are waiting for the PLI details as it will act as a sweetner.... It entails huge capex. However, the project viability will depend on future demand for lithium based batteries, Exide MD & CEO Subir Chakraborty said on the sidelines of the company's AGM. Finer details will be worked out later, Chakraborty said. "As a thumb rule for each gigawatt hour capacity cell, the plant will cost about Rs 700

Exide Industries posts consolidated profit of Rs 32 crore in first quarter

Shares of the company on Friday ended 2.44 per cent up at Rs 178.55 apiece on the BSE.

Trading calls by Osho Krishan of Anand Rathi: Buy Eicher Motors, Exide

Eicher Motors' stock has been trading with a positive bias and is placed well above all its major exponential moving averages on the daily time frame

Higher cost of lead compounds growth challenges for battery makers

Street prefers Exide to Amara Raja, given the valuation difference

Uncertainties rise as pandemic impacts customer orders: Exide Industries

Exide Industries said uncertainties have increased as customer orders have started getting impacted due to the second wave of COVID-19

Exide Industries Q3 net profit jumps over two-fold to Rs 239.87 crore

Battery maker Exide Industries on Friday reported over two-fold jump in consolidated net profit after tax (PAT)

Battery makers charged up for next leg of growth on replacement demand

Pick-up in industrial consumption, relatively benign lead prices point to improved earnings prospects

Here's a Bull Spread Strategy on Exide Industries by HDFC Securities

Long build up is seen in the Exide Futures' where we have seen 7 per cent rise in the Open Interest with price rising by 4 per cent

Exide Industries developing solutions for hybrid, electric vehicles

Lead acid battery maker Exide Industries Ltd is focusing on innovations for emerging applications like hybrid and electric vehicles, a company official said on Tuesday. A lithium-ion JV has been formed and is well placed with an assembly line having a capacity of 1.5 GWh, it said. "The company is developing advanced solutions in the lead acid space for emerging applications, including hybrid vehicles and EVs," MD & CEO Gautam Chatterjee told shareholders at the annual general meeting. He also spoke about introducing 'ultra-batteries' and other solutions in the energy storage space and the lithium chemistry domain. Chatterjee said with declining upfront costs and gradual improvement in technology, higher production of electrified vehicles is feasible now.

Signs of green shoots in passenger vehicles and two-wheelers: Exide

Chatterjee informed that two new companies - MG Motor (with its Hector model) and KIA Motors (with its Seltos) started this year with 100 per cent use of Exide batteries

Exide: Replacement demand, undemanding valuations to support revenues

Margins may be under pressure on higher raw material costs

Replacement demand, spurt in UPS sales to support Exide's revenue

Margins, however, could be under pressure on higher raw material costs

Exide Industries reports Q1 net loss of Rs 13.56 cr due to Covid-19 crisis

The company had posted a net profit of Rs 161.58 crore in the corresponding quarter a year ago

Exide lags smaller peer Amara Raja in Q4 and FY20 at operational level

Firm lags its peer Amara Raja in Q4 & FY20