Joint Venture4 Feb 2026, 08:58 am
Time Technoplast's Subsidiary, Power Build Batteries, Enters Business Collaboration with Monbat AD
AI Summary
Power Build Batteries Private Limited, a subsidiary of Time Technoplast Limited, has entered into a business collaboration and exclusive distribution agreement with Monbat AD, a leading European battery manufacturer. This collaboration aims to cater to the rapidly expanding requirements of Data Centres, IT infrastructure, BFSI institutions, and other mission-critical industrial applications in India. The agreement establishes a multi-year commercial collaboration, supporting the Government of India’s Make in India initiative.
Key Highlights
- PowerBuild will exclusively distribute Monbat's maintenance-free, advanced Valve Regulated Lead-Acid (VRLA) stationary and reserve power battery solutions in India.
- This collaboration is expected to generate local employment, develop technical support ecosystem, and enhance service network capabilities for advanced battery solutions in India.
- India is witnessing a structural expansion in digital infrastructure, creating a market opportunity for advanced VRLA batteries of approximately INR 3,500-4,000 crore over the next decade.
- PowerBuild gains access to Monbat’s complete portfolio of Eurobat-compliant, high-reliability batteries engineered for mission-critical environments.
- This collaboration is uniquely positioned to participate in India’s next phase of digital infrastructure growth.