Exide Industries Infuses ₹650 Million into Energy Storage Arm to Power EV Ambitions

Main Story:
Exide Industries Ltd, a leading player in India’s battery and energy storage sector, has announced an additional investment of ₹650 million in its subsidiary Exide Energy Solutions Ltd (EESL). The capital was infused via subscription to 16.25 million equity shares at ₹40 per share, as per a regulatory filing dated October 28, 2025.

EESL is spearheading Exide’s foray into lithium-ion battery manufacturing, catering to electric vehicles (EVs), grid-scale energy storage, and industrial applications. With this latest infusion, Exide’s total investment in EESL now stands at ₹3,947.23 crore, underscoring its strategic pivot toward clean energy technologies.

As of March 2025, EESL reported a net worth of ₹2,738.06 crore and a turnover of ₹116.89 crore, though it posted a loss after tax of ₹209.12 crore, reflecting the capital-intensive nature of early-stage battery ventures.

Key Highlights:
 

• Investment Amount: ₹650 million via equity subscription
   
• Subsidiary: Exide Energy Solutions Ltd (EESL)
• Purpose: Strengthen capital for lithium-ion battery and energy storage expansion
• Total Investment to Date: ₹3,947.23 crore
• Strategic Focus: EV batteries, grid storage, and industrial energy solutions

This move reinforces Exide’s ambition to become a key player in India’s clean mobility and energy transition landscape.

Sources: ScanX News, Moneycontrol, Exide Industries Investor Relations