Batteries & Energy Storage

Battery and storage exposure from cell plants to recycling, tiered by what is operating today versus committed for tomorrow.

Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
Kirloskar Oil EngCompressors Pumps & Diesel EnginesMention-only₹30,524 CrP/E 56.5 vs 44.6ROCE 10.9%

Battery/energy storage is mentioned only as a technology track being monitored for future integration, with no current BESS or battery manufacturing operations disclosed.

Energy Storage Solutions, where we are tracking the evolution across battery chemistries to identify integration opportunities

Annual Report · p. 20
SJVNPower GenerationMention-only₹25,976 CrP/E 122.4 vs 22.3ROCE 2.8%

BESS is referenced only as an emerging technology SJVN is 'actively pursuing' alongside green hydrogen, with no operating capacity or revenue disclosed.

We continued to expand our renewable energy portfolio through hydro, solar and wind projects while actively pursuing emerging technologies such as Green Hydrogen and Battery Energy Storage Systems (BESS).

SJVN Ltd - 533206 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 26
Godawari Pow & IspIron & Steel ProductsMention-only₹15,084 CrP/E 17.8 vs 16.9ROCE 17.0%

BESS appears only as part of an aspirational green transition roadmap with no disclosed projects or revenue.

We are advancing our green transition with targeted investments in waste heat recovery, fuel substitution, carbon capture technologies, and Battery Energy Storage System (BESS) alongside expanding our renewable energy capacity.

Annual Report · p. 4
Techno Elec & Eng CO.Civil ConstructionMention-only₹11,496 CrP/E 24.6 vs 15.4ROCE 12.4%

Energy storage and grid-level battery solutions are flagged as future diversification areas, with no current revenue or committed projects disclosed beyond BESS being mentioned as part of data-centre design.

Emerging business segments such as energy storage and grid-level battery solutions are also being explored to diversify and future-proof our portfolio.

Annual Report · p. 26
Indian Energy ExcExchange and Data PlatformMention-only₹11,020 CrP/E 22.2ROCE 44.2%

IEX is developing new trading products/bid types for storage technologies as part of BESS integration into the exchange, but does not manufacture or operate BESS itself.

IEX is also working towards creation of new products and bid types for storage technologies.

Annual Report · p. 19
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How this list is built

Definition used: Manufactures battery cells/packs or energy-storage systems, operates BESS capacity, or supplies battery materials and recycling.Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.