Announced Tue, 23 Jun · 09:03 IST
Belding India forms JV with HD Fabcon for battery storage and renewable energy
Price
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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹1424.95
prior close
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AI summary
Belding India has incorporated Belding HD India Private Limited as a JV with HD Fabcon Private Limited on June 22, 2026. Belding holds 55 percent, HD Fabcon holds 45 percent. The new entity will operate in Battery Energy Storage Systems and Renewable Energy. Belding subscribed 5,500 equity shares at Rs.10 each, totalling Rs.55,000. The JV combines HD Fabcon market access with Belding execution and manufacturing capabilities to pursue large projects.
Likely market impact
Small initial investment of Rs.55,000 opens Belding into battery storage and renewable energy via partnership with HD Fabcon.