Exide Industries Archives - BW Retail World

Exide Industries Invests Rs 100 Cr In Advanced Battery Cell Arm EESL

by BW Retail World Bureau
September 8, 2023

Exide Industries has announced a significant investment of over Rs 100 crore in its wholly-owned subsidiary, Exide Energy Solutions Ltd (EESL). The subsidiary specialises in the manufacturing of advanced chemistry battery cells. This announcement was made via a regulatory filing on Thursday. Exide Industries disclosed that the investment was made through a subscription to the […]

Exide Industries’ Q1 Profit Beats Estimates, But Margins Declines

Indian lead-acid battery maker Exide Industries reported a smaller-than-expected rise in first-quarterly profit on Friday, hurt by high raw material costs and rising expenses. The Kolkata-based company said its net profit after tax for the quarter ended 30 June stood at Rs 242 crore, compared with Rs 226 crore. Analysts on average expected a profit […]