Mamata Banerjee inaugurates Exide Industries new state-of-the-art unit in Haldia

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Source: Economics Times
Tuesday, January 03, 2017
West Bengal chief minister Mamata Banerjee on Monday inaugurated Exide Industries' punched grid battery making unit at Haldia.
Built in technical collaboration with East Penn Manufacturing Company of the USA, the new unit set up within Exide Industries' Haldia plant premises will use the punched grid technology to manufacture technically advanced lead acid storage batteries. Total outlay on the project is estimated at Rs 700 crore.
Elaborating on the initiative, Exide Industries' managing director & CEO Gautam Chatterjee said: "The new punched grid technology, as opposed to the older expanded metal technology, will catapult the industry to a new height in terms of product reliability and customer satisfaction."
The new range of batteries will not only be a lot more robust as it will be manufactured in a modern plant with advanced robotics and automation, the manufacturing process will also eliminate human errors to a large extent, he added.
He further said that the plant would also manufacture this new technology batteries for motorcycles later at an investment of Rs 300 crore.
Spread across 41 acres, the company's Haldia plant currently produces both automotive as well as industrial batteries. The factory contributes more than 30 % to Exide’s total business. Apart from Haldia, the company also has battery making plants at Shamnagar (West Bengal), Hosur (Tamil Nadu), Chinchwad, Ahmednagar and Taloja in Maharashtra, Bawal (Haryana), Pune, Uttaranchal and Bangalore.



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