Mumbai, Jan. 6 -- The company proposes to launch a multi-phase BESS manufacturing program aimed at catering to utilities, commercial & industrial, and residential segments. As part of Phase 1, the company will establish a 5 GWh BESS manufacturing facility by FY 2026-27, with an initial capital outlay of approximately Rs 150-200 crore. The new segment is expected to contribute to the company's revenues starting from the second half of FY 2026-27.

A key feature of this initiative will be the development of a state-of-the-art research & development (R&D) centre, focused on advanced battery technologies and innovative energy storage solutions to strengthen the company's technological capabilities and market positioning.

According to Globe N...