DDEV Plastiks Industries Ltd has approved a proposal to venture into the Battery Energy Storage System (BESS) sector. With an initial capital outlay of ₹1.5–2 billion, the company aims to establish a 5 GWh manufacturing facility by FY 2026-27, marking a strategic diversification into clean energy solutions.
DDEV Plastiks Industries Ltd has announced a transformative move into the fast-growing Battery Energy Storage System (BESS) business. The board-approved proposal highlights the company’s ambition to diversify beyond plastics and align with India’s renewable energy transition.
Key Highlights:
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Proposal Approved: Entry into the Battery Energy Storage System (BESS) sector
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Capital Outlay: Initial investment of about ₹1.5–2 billion
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Facility Plan: Establishment of a 5 GWh BESS manufacturing facility by FY 2026-27
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Strategic Focus: Targeting utilities, commercial & industrial, and residential energy storage markets
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Innovation Drive: Plans include a state-of-the-art R&D center for advanced battery technologies
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Revenue Outlook: Contribution expected from the second half of FY 2026-27
This initiative positions DDEV Plastiks as a forward-looking player in India’s clean energy ecosystem, leveraging its industrial expertise to capture opportunities in sustainable power storage. The move reflects both strategic diversification and alignment with national energy security goals.
Sources: ScanX News, DDEV Plastiks Press Release, Trendlyne Corporate Filings