• Manufacturing capacity expansion: The company is doubling its BESS capacity from 5 GWh to 10 GWh over the next three months, with commissioning expected by late September or mid-October. The ₹200 crore expansion is being fully funded through internal accruals.
• Revenue contribution guidance: The battery energy storage business is expected to contribute approximately 55% of total revenues in FY27, supporting overall top-line guidance of ₹3,200 crore to ₹3,400 crore.
• Market growth opportunity: Domestic demand for energy storage is surging as renewable integration grows, highlighted by state-level initiatives such as Maharashtra's plan for 100 GWh (1 lakh MWh) of battery storage.
• Import competition policy: The company is navigating competition from Chinese finished products and expects the government to actively enforce local-content requirements in tenders to restrict imports and support domestic manufacturers.