I recently had a chat with a representative from one of India’s leading data center providers. Last FY they have given 150-200Cr worth order for batteries (fresh and replacement) and most of it went to HBL. This used to go to other battery players but gradually shifted to HBL. This transition is because of superior longevity of HBL batteries, which reportedly last for 10 years compared to the 5-year lifespan of competitors.
Disc: Not invested
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