Belding India Incorporates Joint Venture for Battery Storage

Belding India Ltd has incorporated a new subsidiary, Belding HD India Private Limited, as a joint venture with HD Fabcon Private Limited. The JV will focus on Battery Energy Storage Systems and Renewable Energy. Belding India will hold a 55% stake, with HD Fabcon holding 45%. The JV aims to leverage combined strengths in business development, market access, execution, and manufacturing to identify, secure, and manage projects in the renewable energy sector, focusing on scalable opportunities and long-term customer relationships. Initial subscription to equity shares will be made in cash.