Exide Industries Limited announced on October 27, 2026, an investment of ₹1,499.99 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This capital infusion, made on a rights basis, is intended to fund the greenfield plant in Bengaluru for manufacturing lithium-ion battery cells, modules, and packs. The total investment in EESL now stands at ₹5,352.23 crore, with Exide’s shareholding remaining unchanged at 100%.
Exide Industries Boosts EV Battery Production Capacity
Exide Industries Limited has made a substantial investment of ₹1,49,99,99,970/- (approximately ₹1,500 crore) in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This announcement, dated October 27, 2026, marks a significant step in the company’s strategy to bolster its presence in the rapidly growing electric vehicle (EV) market.
Strategic Investment in Lithium-Ion Battery Manufacturing
The investment was made via subscription to equity shares on a rights basis. The primary objective of this capital infusion is to meet the funding requirements for EESL’s greenfield plant located in Bengaluru. This facility will focus on the manufacturing and sale of advanced lithium-ion battery cells, modules, and packs, catering to both the EV market and stationary applications. With this latest investment, Exide Industries Limited’s total investment in EESL’s equity share capital has reached ₹5,352.23 crore. Importantly, Exide’s shareholding percentage in EESL remains constant at 100%.
EESL: A Key Player in the EV Ecosystem
Exide Energy Solutions Limited, incorporated on March 24, 2022, is actively engaged in the manufacturing and selling of battery products for India’s electric vehicle market. The subsidiary is expected to contribute significantly to the nation’s transition towards electric mobility. The company has provided financial details for EESL, indicating a paid-up equity share capital of ₹1,661.36 crore and a net worth of ₹3,991.06 crore as of March 31, 2026. The turnover for FY 2025-26 is projected at ₹157.56 crore.
Source: BSE
