Announced Thu, 9 Jul · 16:56 IST
Havells partners Pixii AS to enter battery energy storage market
HAVELLS · price
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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹1194.50
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₹1205.70
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AI summary
Havells India has signed an MoU with Norway-based Pixii AS to enter the Battery Energy Storage Systems (BESS) segment in India. The collaboration will target small-scale, commercial and industrial customers through a phased plan covering pilots, co-development, and local manufacturing in India. India's BESS market for residential and C&I segments is expected to reach about 10-12k INR Crore by FY30, growing at over 100% CAGR over three years.
Likely market impact
Opens a new high-growth vertical for Havells with global tech backing, supporting long-term revenue diversification beyond core FMEG business.