Discovery

Neogen Chemicals has strategically developed a robust position in the battery technology sector, with notable expansions in manufacturing lithium electrolyte salts and additives. They acquired land dedicated to battery materials and have commenced exports from their Dahej SEZ plant, aiming to become a major supplier to the growing battery market in India.

Amara Raja Energy & Mobility Limited has made significant strides in battery technology by investing INR 95 billion to set up a Giga Corridor aimed at enhancing battery manufacturing capabilities in Telangana. The company has developed India's first 21700 Cylindrical Cell (NMC 811) and is expanding its energy storage solutions, significantly positioning itself within the battery technology landscape.

Himadri Speciality Chemical Ltd is pioneering in battery technology with its strategic move to integrate high-capacity silicon anode technology through its acquisition of Sicona Battery Technologies. The company is setting up India's first commercial plant for LFP Cathode Active Material, crucial for lithium-ion batteries, advancing its commitment to scaling battery material innovation in the Indian and global markets.

Ola Electric is in advanced stages of launching its proprietary 4680 Bharat Cell, which promises cost reductions and margin improvements. The company has started module-level testing and plans to integrate these cells into its vehicles by FY26. The initiative is expected to deliver substantial cost savings and technological advantages in energy density.

The acquisition of Log9's business assets for railway and electric truck battery divisions marks a significant enhancement in proprietary battery technology for Jupiter Wagons, allowing in-house battery production for electric LCVs and positioning them at the forefront of India's electric mobility sector.

Exide Industries has made significant investments in lithium-ion cell manufacturing, with a 12 GWh capacity project underway by its subsidiary Exide Energy Solutions Ltd. This development reflects their strategic move into advanced battery technology to support the rising demand for electric vehicles and energy storage systems, marking a significant shift in their business model.

Endurance Technologies has embarked on a strategic initiative to establish a state-of-the-art lithium-ion battery pack manufacturing plant near Pune, showcasing their commitment to addressing the burgeoning demand for electric vehicles and renewable energy storage systems. The development leverages their proprietary battery technology and the expertise from their subsidiary, Maxwell Energy, aligning strongly with large-scale battery tech production and integration into electric and non-automotive sectors.

Maxvolt Energy Industries Limited is significantly involved in battery technology through its robust development and production of lithium-ion battery packs. The company manufactures batteries for electric scooters, rickshaws, cycles, and energy storage systems, showcasing its scale and strategic investment in battery-driven solutions. Their dedicated R&D efforts further affirm their strong position in battery technology.

Acutaas Chemicals Limited has shown significant involvement in the battery technology sector through their dedicated projects for battery chemicals. They have introduced new products in this segment and are experiencing increased customer demand, particularly for their electrolyte additives. The company's capex towards this business reflects their strategic intent to scale operations and become a key player in supplying high-demand battery components.

The company has acquired a substantial stake in Offgrid Energy Labs, which focuses on the development of zinc bromide battery technology. This investment aligns with Archane's strategy to penetrate the energy storage market and illustrates its commitment to renewable energy applications and grid stability solutions leveraging its bromine derivatives.

Power Build Batteries, a subsidiary of Time Technoplast, launched E-Rickshaw batteries under the brand 'e-START with SELENIUM ', signifying a strategic focus on advanced battery development for the growing e-mobility market in India. Emphasizing low-cost, high-performance lead-acid technology enhanced with selenium reflects a commitment to the electrical vehicle ecosystem.

Prostarm Info Systems has significantly invested in battery technology with their manufacturing facility in Navi Mumbai for lithium-ion battery packs with a capacity of 100,000 kWh per year. Their expansion plans into a 1.2 GWh Battery Energy Storage System (BESS) facility highlight a strategic commitment to this sector.

Wardwizard Innovations & Mobility Ltd, through its partnership with C4V and internal R&D efforts in Singapore, is advancing high-performance lithium-ion battery technology. The company focuses on stable LFP chemistry and high charging cycle architectures optimized for Indian conditions, aligning with the 'Make in India' initiative. This partnership underlines Wardwizard's strategic focus on enhancing battery performance, crucial for its electric vehicle offerings.

Reliance Industries is developing a comprehensive battery ecosystem, including battery cell factories and containerized storage systems. These efforts aim to support their round-the-clock renewable energy strategy. With gigafactories planned for cell production and ongoing construction, Reliance is positioning itself significantly within the battery technology supply chain.

Solarworld Energy Solutions Limited is heavily invested in the battery energy storage segment, marked by the commissioning of a 3.4 GW BESS line in Roorkee, reflecting strategic backward integration. Their robust order book for BESS projects underscores their commitment to providing comprehensive solar plus storage solutions, aligning with the government's goals for renewable energy and grid stability. With facilities designed to support massive BESS deployment, their participation is substantial.

PCBL Chemical Limited has embarked on significant advancements in battery technology through Nanovace Technologies Limited, a joint venture focused on battery materials, including the development of conductive carbons and nano-silicon used in next-gen batteries. PCBL Chemical Limited's initiatives in patenting novel processes illustrate its strategic intent in scaling up in this sector.

Pace Digitek Limited has emerged as a major player in the battery technology arena following the launch of a flagship facility in Bidadi, focusing on large-scale Battery Energy Storage Systems (BESS). This aligns with India's Make in India initiative. Their end-to-end solutions in BESS demonstrate significant operational scale and strategic intent.

The company is actively engaged in the battery energy storage solutions market, a sector expected to grow at over 40% CAGR through 2033. GP Eco Solutions has announced plans to scale its battery energy storage systems from 500 megawatt hour to 3 gigawatt hour, and further to 5 gigawatt hour by FY28, indicating significant investment and strategic intent.

SPML Infra's strategic entry into Battery Energy Storage Systems (BESS), backed by its alliance with Energy Vault, underscores its commitment to expand and capitalize on the burgeoning energy storage market, aligning with India's renewable energy goals.

Namo eWaste Management Limited has successfully commissioned a 12,400 metric tons per annum lithium-ion battery recycling facility at Nasik. This facility focuses on recycling and refurbishing, underlining Namo's commitment to battery technology and recycling, evident through their scale of operations also evidenced by a focus on setting up a hydrometallurgical plant for lithium extraction, aligning with India's critical mineral recycling mission.

The company strongly focuses on battery energy storage systems (BESS), targeting 1+ GWh by FY26 and planning for further capacity expansion. This emphasizes their commitment to technology that supports energy efficiency and reliability.

Godawari Power and Ispat Limited is venturing into Battery Energy Storage System (BESS) Manufacturing with a Rs 700 Crores investment to establish a 10GW BESS Project through its wholly-owned subsidiary Godawari New Energy Private Limited. The land for the project in Maharashtra has already been acquired, indicating their strategic move into the energy storage market with significant capital commitment.

Advait Energy Transitions Limited is targeting 1 GW Battery Energy Storage Systems (BESS) projects in the next five years. The company's involvement in the GUVNL project for 50MW / 100 MWh BESS on a Build-Own-Operate (BOO) basis demonstrates its commitment and strategic intent in the battery technology space.

Viviana Power Tech has made significant strides in the energy storage sector by securing two major battery energy storage system (BESS) projects in Rajasthan and Gujarat. These projects position Viviana as an early entrant in India's growing energy storage market, aligning with the government's renewable energy integration and grid stability objectives, showcasing its strategic vision to become a key player in battery technology.

Sudeep Pharma Limited is positioning itself as a key player in the global electric vehicle (EV) and energy storage systems (ESS) markets by setting up a facility at Dahej for manufacturing iron phosphate, a key precursor for lithium iron phosphate (LFP) batteries. With a planned capacity of 25,000 MT in Phase 1, Sudeep aims to cater to cell makers and OEMs worldwide, leveraging its existing expertise in food-grade iron phosphate production.

Smarten Power Systems Limited specializes in advanced battery technology, particularly lead-acid and lithium-ion batteries. The company has acquired a manufacturing facility previously supplying their battery needs, ensuring better control over quality and supply chain. Smarten Power Systems aims to enhance margins through vertical integration, showcasing a strategic focus on scaling battery production and application in solar power systems.

Waaree Energies Limited is investing in a full-fledged 20 GWh battery energy storage system (BESS) plant, aiming to become a leading supplier in the renewable energy sector. This is part of its broader strategic goals to offer comprehensive solutions in battery technologies.

ACME Solar Holdings is strategically committed to developing Battery Energy Storage Systems (BESS) at scale. The company plans to commission around 10 GWh BESS by CY27 and has already delivered 1,150 MWh of BESS at project sites. Plans for early commissioning of BESS to integrate with renewable projects demonstrate significant investment in battery technology.

NTPC has made significant strides in battery technology, launching India's first MWh-scale vanadium redox flow battery pilot project. This innovative move towards long-duration energy storage systems and plans for a 100 MWh battery at Khavda Solar project underscore NTPC's commitment to advancing battery technology to support renewable energy integration.

Bondada Engineering Limited has demonstrated strategic expansion into Battery Energy Storage Systems (BESS). With 850MWh orders under execution for clients such as TNGECL and APTRANSCO, the company is establishing its footprint in BESS as a key Independent Power Producer (IPP) and EPC provider. This involvement indicates significant engagement in battery technology solutions, highlighting Bondada Engineering's pivotal role in eco-friendly storage solutions on a large scale.

POWERGRID has entered into the Battery Energy Storage System (BESS) market with a standalone BESS project under the Build-Own-Operate model at Kalikiri, Andhra Pradesh. This marks their strategic initiative to integrate renewable energy on a large scale, thereby enhancing grid stability and reliability with advanced battery technology solutions.

Balaji Amines Limited has commissioned an electronic‑grade Di‑Methyl Carbonate (DMC) plant (15,000 TPA) and positions itself as the only domestic manufacturer of this electrolyte solvent, creating a meaningful foothold in the battery chemicals supply chain. This is a clear strategic move to capture EV battery ingredient demand and realize import‑substitution advantages for India.

Ddev Plastiks has announced a material and strategic entry into BESS, targeting an assembly-led Phase‑1 capacity of 5 GWh (commercial ramp by Q3 FY27) with an incremental capex of ₹150–200 crore funded from internal accruals, and management projecting ~₹800–950 crore revenue per 1 GWh, demonstrating clear intent to build a meaningful battery systems business.

Mahanagar Gas Limited has executed a material strategic move into battery cell manufacturing through a JV with an International Battery Company and has approved up to INR380 crore capex for initial phases; this represents MGL transitioning beyond gas distribution into energy storage manufacturing, a capital-intensive, transformative vertical that could materially diversify revenues if commercialized at scale.

HEG Limited has articulated a clear strategic shift into battery‑related businesses via HEG Greentech, which will hold anode manufacturing and BESS (energy storage) assets, with L1 tender wins and expected revenue contribution from FY28–FY29. The combination of announced projects, project timelines and state‑backed low‑cost power demonstrates meaningful scale and committed strategic intent by HEG Limited.

Kinetic Engineering Limited, via its group entity Range‑X (Micro Age Instruments Pvt. Ltd.), has commissioned a 60,000‑unit per year battery manufacturing plant producing LFP and NMC chemistries intended for captive use and third‑party sales, indicating material scale in cell/pack production rather than experimental activity.

Gujarat Fluorochemicals Limited is executing a material, transformational move into battery materials with clear scale and funding: IFC committed ₹430 crore, a sovereign investor approved ~USD 82 million, and GFL plans a greenfield integrated battery materials project in Oman (~USD 216 million). These investments and commercial LiPF6 supplies (started Dec 2025 with repeat orders) show strategic intent to become a global non-China supplier.

PPAP Automotive Limited has built a materially capable battery vertical via its wholly owned subsidiary Avinya Lithium‑ion Battery, operating three assembly lines and a stated 150 MWh per year capacity, supplying ESS and mobility customers such as Philips and Luminous, which indicates strategic intent beyond pilots and a path to scale in energy storage and vehicle battery packs.

Rain Industries Limited has demonstrated clear strategic intent in battery materials by entering the North American MCMB market and launching multiple partnerships across Europe and Canada targeting sodium‑ion and lithium‑ion applications. The company is advancing proprietary graphite purification and recycled‑battery feedstock programs, signalling a material move to scale battery‑grade carbon products and reduce dependence on China for critical anode materials.