Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Exide Industries pumps ₹ 100 cr into EESL
Manufacturing Today
|August 2025
EESL reported a turnover of ₹ 116.89 crore and a net loss of ₹ 209.12 crore for FY 2024-25.
-
Exide Industries Limited (EIL) has announced an investment of ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. This brings EIL's total equity investment in EESL to ₹3,702.23 crore. The shareholding of Exide in the subsidiary remains unchanged at 100%. The investment was made by subscribing to 2.5 crore equity shares of ₹10 each at a premium of ₹30 per share. The transaction, which qualifies as a related-party transaction, was
This story is from the August 2025 edition of Manufacturing Today.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manufacturing Today
Manufacturing Today
Escorts Kubota expands its tractor portfolio
Mahindra targets 10 lakh EV capacity by 2027, scouts land for new plant to strengthen manufacturing footprint and service upgrades.
1 min
September 2025
Manufacturing Today
Clean energy at the crossroads
Sustainable power is set to define how industries balance profitability, responsibility, and future readiness.
6 mins
September 2025
Manufacturing Today
The Driver of Efficiency: Unlocking Machine Shop Performance with Mobil™ Solutions
Did you know that 43% of mechanical failures# in industrial machinery are due to improper lubrication? That's not all—54% of bearing failures# also stem from poor lubrication practices.
2 mins
September 2025
Manufacturing Today
What if solar power could do 15 times more? Researchers have an answer
Researchers engineered a solar thermoelectric generator 15 times more efficient than current state-of-the-art devices.
2 mins
September 2025
Manufacturing Today
Rewiring the automotive world
Hybrid sensors are quietly revolutionising automotive design, reshaping vehicles, factories, and supply chains as the industry races toward electrification and smarter mobility.
5 mins
September 2025
Manufacturing Today
From carbon neutrality to zero waste: Lessons from Bosch Bidadi's sustainability blueprint
Bosch's Bidadi plant leads India's auto component sector in sustainability, achieving carbon neutrality, zero liquid discharge, and advanced energy, water and waste management practices for future-ready manufacturing.
7 mins
September 2025
Manufacturing Today
Mahindra explores land for new factory
Mahindra targets 10 lakh EV capacity by 2027, scouts land for new plant to strengthen manufacturing footprint and service upgrades.
1 mins
September 2025
Manufacturing Today
How KDAIL reinvented itself for defence leadership
With strong vision and leadership, Krishna Defence & Allied Industries Limited is emerging as a key enabler for defence exports and autonomy.
8 mins
September 2025
Manufacturing Today
Tyre industry likely to see 7-8% growth in FY26
The domestic tyre industry is likely to register a 7-8 per cent growth in the current fiscal.
1 min
September 2025
Manufacturing Today
BPCL plans Rs 95,000 crore refinery and petrochemical complex in AP
BPCL expanded from one refinery to three, reaching a combined capacity of 40.5 million tonnes.
1 min
September 2025
Listen
Translate
Change font size