Does anyone have further information about TT’s progress with Solar Batteries, Railway Signal Batteries, and E-Rickshaw batteries?
" NED Energy Limited is a leading manufacturer of Lead Acid Batteries based out of Hyderabad & Bangalore Incorporated in 1998. The company has an excellent track record with an annual production capacity of 250 million Ah. NED Energy Limited is a Subsidiary of a leading Indian Polymer conglomerate M/s Time Technoplast Limited with Annual Turn-over excess of INR 4000 crore. The company covers a range of energy storage systems including LMLA flooded batteries which are manufactured by our subsidia…
Yes. But do revenues get pulled into TTs books?
I’m unable to find itemised breakups in any official documents.
The real juice will be potential growth via solar / EV / railway batteries - all high demand segments considering current & near term market demands.
Not to mention composite cylinders for Hydrogen & the legacy business.
Seems too good to be true. Seems to be true, too.
Thanks for sharing. I was unable to find this. Can you share a URL?
hasn’t grown, yet - hence, I guess too good to be true, for now, at least.
However, two recent entries by veteran visionaries - Prashant Jain & Ajay Upadhyaya - the latter known for betting big only in uniquely poised potential domain leaders, makes me wonder if NED is geared up for something special. Or if they’ve seen exponential value in the Hydrogen space alone.
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the Board of Directors of NED Energy Limited (“NED”) (“the Transferor Company” — Holding Company of PBBPL) and Power Build Batteries Private Limited (“PBBPL”) (“the Transferee Company” —the Wholly Owned Subsidiary of NED Energy Limited) at their meeting held on November 08, 2024, have considered and approved the Scheme of Amalgamation under the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Act”) and the rules made thereunder.
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