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Exide's Bengaluru lithium-ion cell plant to generate revenue from Q3: CEO
Exide Industries expects its Bengaluru lithium-ion cell plant to generate revenue from the third quarter. The company has invested significantly and will invest more to complete the first phase of this project. Initially, the plant will supply domestically manufactured battery cells for electric vehicles and energy storage. Commercial supplies for stationary lithium battery applications are also targeted from the third quarter.
Exide to balance lead-acid strength with lithium-ion push
Exide Industries is strategically expanding into lithium-ion cell manufacturing to support India's energy transition. The company will continue its strong lead-acid battery business. Exide Energy Solutions Ltd is engaging with manufacturers for electric vehicles and energy storage. India's lithium-ion battery demand is projected to grow significantly by 2030, driven by electric mobility.
Stock bets: Axis Securities sees upto 21% upside in ATGL, Exide; here's why
Analysts at Axis Securities have identified Adani Total Gas, Exide Industries and AIA Engineering as 3 stocks with a decisive breakout on the weekly charts.
Buy Siemens Energy, Supriya Lifescience, Exide Industries: Analyst
Stocks to buy: Kunal Kamble of Bonanza suggests buying Siemens Energy, Supriya Lifescience and Exide Industries