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
Exide IndustriesAuto Components & EquipmentsCore business₹38,832 CrP/E 90.3 vs 26.9ROCE 8.1%

Exide is a leading battery manufacturer with lead-acid as its core business across automotive, industrial, and new-energy segments.

Exide stands as a leading player in battery manufacturing and energy solutions. We are driving innovation in lead-acid solutions with a diverse portfolio that serves a wide range of industries.

Annual Report · p. 8
Amara Raja Energy MobAuto Components & EquipmentsCore business₹16,845 CrP/E 18.5 vs 26.9ROCE 13.9%

Amara Raja is a principal battery business spanning lead-acid (automotive and industrial), lithium-ion cell manufacturing (16 GWh footprint), battery packs and BESS assembly (10 GWh capacity), plus battery recycling.

the development of our Giga Corridor, progress on our lithium ion cell manufacturing facility, and the foundation stone laying of our Battery Energy Storage Systems (BESS) assembly plant stand as milestones in this ascent

Annual Report · p. 10
+2 more quotes from the report

Lithium deployment scale increased significantly during the year. Our LiB packs are now powering more than 50,000 telecom towers, taking cumulative installation base to 1 GWh within two years, with majority deployments executed during FY 2025-26 itself.

Annual Report · p. 22

We have built leading positions in automotive and industrial energy storage through sustained investment in technology, manufacturing capabilities and market development.

Annual Report · p. 30
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”.

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