Exide Industries Ltd, Industrial Division, Calcutta, India

THE EXIDE INDUSTRIAL DIVISION Exide Industries Limited, India's flagship of the storage battery industry- is also the largest Power Storage Solutions Company in South and South East Asia. Exide milestones: 1916 Chloride Electric Storage Co. (CESCO) UK sets up trading operations in India as an import house. 1946 First factory set up in Shamnagar, West Bengal. 1947 Incorporated as Associated Battery Makers (Eastern) Limited on 31 January 1947 under the Companies Act. 1947 Incorporated Chloride International Limited (previously Exide Products Limited) 1969 Second factory at Chinchwad, Pune 1972 The name of the Company was changed to Chloride India Limited 1976 R&D Centre established at Kolkata 1981 Third factory at Haldia, West Bengal 1988 The name of the Company was changed to Chloride Industries Limited 1994 Technical collaboration with Shin Kobe Electric Machinery Co. Ltd. of Japan, a subsidiary of the Hitachi Group. 1995 Chloride Industries Limited renamed Exide Industries Limited 1997 Fourth factory at Hosur, Tamil Nadu 1998 Acquisition of industrial/ manufacturing units of Standard Batteries Ltd located at Taloja & Kanjurmarg (Maharashtra), Guindy (Tamilnadu) and plant at Ahmednagar (Maharashtra) from Cosepa Fiscal Industries Limited as a going concern. 1999 Acquired 51% Shareholding in Caldyne Automatics Ltd 2000 Acquisition of 100% stake in Chloride Batteries S E Asia Pte Ltd., Singapore and 49% stake in Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka. 2003 Commissioned plant at Bawal, Haryana 2003 New joint venture in UK, ESPEX, with 51% holding. 2004 Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka became a subsidiary consequent to acquiring further 12.50% Equity holding. 2005 Investment in 50% shareholding of ING Vysya Life Insurance Company Limited 2007 Caldyne Automatics Ltd becomes 100% subsidiary consequent to acquiring the balance 49% shareholding. 2007 Investment with 26% CEIL Motive Power Pty Ltd. A Joint Venture in Australia. 2007 Acquired 100% stake in Tandon Metals Ltd. 2008 Acquired 51% stake in Lead Age Alloys India Ltd . 2009 Divestment of shareholding in CEIL Motive Power Pty Limited. 2012 Acquisition of Inverter manufacturing facility at Roorkee, Uttarakhand. 2012 Technical Collaboration with East Penn Manufacturing Co., USA. 2012 Acquisition of second Inverter manufacturing facility at Haridwar, Uttarakhand. 2012 Acquisition of balance 49% shares in ESPEX Batteries Limited, UK. 59E Chowringhee Road 700020 Calcutta India Call: 033-22832120/33/36/50
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Exide Industries Ltd, Industrial Division, Calcutta, India

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Category: Energy/Utility
Found: 10.08.2015


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