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Indian

COVID pandemic hits bottom line for Indian lead-acid battery maker

Thu, 08/06/2020 - 11:02 -- Paul Crompton

Indian lead-acid battery maker Exide Industries is focusing on ‘cost control’ and ‘technology upgradation’ to improve the bottom-line after COVID-19 caused a distribution in the supply chain.

The company announced on 3 August that its net turnover for the second quarter of the year ending June 30, was down Rs.1,232 crore ($16 million) compared to year-on-year figures (Rs. 2,779.25 crores or $37 million).

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Firms sign MoU to develop and commercialise vanadium redox flow batteries

Wed, 02/05/2020 - 15:41 -- Paul Crompton

Minerals firm VanadiumCorp Resource announced a partnership to develop vanadium redox flow battery (VRFB) energy storage systems with Indian company Delectrik Systems.

The memorandum of understanding aims to develop and scale up commercial production of VRFB systems, electrolytes and model application uses.

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