Ddev Plastiks Industries Ventures into BESS Segment with ₹150–200 Cr Investment

Ddev Plastiks Industries’ Board of Directors, at its latest meeting, approved a proposal to venture into the Battery Energy Storage System (BESS) business within the renewable energy sector. Ddev Plastiks Industries said in a regulatory filing that it plans to invest approximately Rs. 150–200 crore in Phase 1. The company explained that the new facility will serve as an innovation hub to drive sustainability and cost efficiency, and to stay ahead in an increasingly competitive and dynamic energy landscape.

The company emphasised the importance of battery energy storage, especially as the global energy storage market is evolving rapidly with increased renewable energy adoption. It said the decision to enter the battery energy storage segment will ensure that it delivers solutions that meet emerging regulatory standards and customer expectations.

Key Feature of the Initiative

A key feature of this initiative will be the development of a Research and Development (R&D) centre, focused on advanced battery technologies and innovative energy storage solutions. The centre aims to strengthen the company’s technological capabilities and market positioning.

Moreover, this expansion aligns with Ddev Plastiks’ focus on participating in India’s renewable energy transition. The new segment is expected to contribute to the company’s revenues starting from the second half of FY 2026–27.

India is making significant strides towards a clean energy future. However, renewable sources such as solar and wind are intermittent, posing challenges for grid stability. To address this, the country is increasingly focusing on energy storage solutions to manage variations in power generation.

According to GlobeNewswire, the global BESS market is estimated to grow from USD 56.29 billion in 2024 to USD 68.70 billion in 2025 and is projected to reach USD 186.90 billion by 2030, registering a CAGR of 22.13%. In India, BESS capacity could reach 208 GWh, with an estimated market value of USD 32 billion by 2030.