New Launch5 Jan 2026, 05:34 pm
Ddev Plastiks Industries Ltd to Venture into Battery Energy Storage System (BESS) Business
AI Summary
Ddev Plastiks Industries Ltd has announced its venture into the Battery Energy Storage System (BESS) business within the Renewable Energy Sector. The company plans to establish a 5 GWh BESS manufacturing facility by FY 2026-27, with an initial capital outlay of approximately 150-200 crores. The new segment is expected to contribute to the Company’s revenues starting from the second half of FY 2026-27. The venture aligns with Ddev Plastiks’ focus on participating in India’s renewable energy transition.
Key Highlights
- Ddev Plastiks Industries Ltd to venture into Battery Energy Storage System (BESS) business
- Plan to establish a 5 GWh BESS manufacturing facility by FY 2026-27
- Initial capital outlay of approximately 150-200 crores
- New segment expected to contribute to Company’s revenues from second half of FY 2026-27
- Alignment with Ddev Plastiks’ focus on participating in India’s renewable energy transition