JBM Auto Limited has informed the Exchange regarding a press release dated Jun 01, 2025, titled "Press Release".
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JBM Auto's step-down subsidiary JBM Green Energy Systems (JBMG) has built a 3 GWh orderbook for Battery Energy Storage Systems (BESS) to be deployed across India. The latest addition includes a 1 GWh BESS deployment for SJVN Ltd., a government-owned PSU, along with other customers. JBMG operates what it claims is India's largest high-voltage lithium-ion battery manufacturing facility in Delhi-NCR, with an annual capacity of 6 GWh. The BESS solutions will support grid balancing, frequency regulation, peak shaving, and India's 500 GW renewable energy target by 2030. The company is also serving EV segments including passenger cars, commercial vehicles, 2W, and 3W.
Positive for JBM Auto shareholders as it shows strong order momentum in the green energy subsidiary, tapping into India's energy transition. However, since JBMG is a step-down subsidiary/JV, the direct financial contribution to JBM Auto's consolidated books depends on its equity stake, and execution timelines for these projects will be key to monitor.