Kabra Extrusiontech & Eve Power to Co-operate for Battery Energy Storage System Solutions in India

Kabra Extrusion Technik Ltd. (BSE - 524109, NSE - KABRAEXTRU, ISIN: INE900B01029) and Eve Power Co. Ltd. (EVE) have agreed to co-operate to deliver advanced Battery Energy Storage System (BESS) solutions in India. The companies will combine their respective strengths, where EVE will supply battery cells and DC side ESS products to Kabra, and Kabra will assemble and integrate these products at its manufacturing facility in India. This collaboration aims to harness the world's best technology with the advantage of local production, creating a competitive edge in the market. The BESS market in India is projected to exceed 208 GWh by 2030, driven by the growth of renewable energy.