Ddev Plastiks Industries Enters BESS Market with ₹150–200 Crore Strategic Investment – EQ
In Short : Ddev Plastiks Industries has announced its entry into the battery energy storage system segment with a planned investment of ₹150–200 crore. The move signals the company’s diversification into energy storage, supporting India’s renewable energy transition by addressing grid stability, intermittency challenges, and growing demand for scalable storage solutions across power and clean energy applications.
In Detail : Ddev Plastiks Industries has unveiled plans to venture into the battery energy storage system segment with an investment estimated between ₹150 and ₹200 crore. This strategic move marks the company’s expansion beyond its traditional business lines into the rapidly evolving energy storage market.
The entry into BESS aligns with India’s accelerating renewable energy adoption, where storage is becoming a critical enabler. As solar and wind capacity expands, battery storage solutions are increasingly required to balance supply and demand and ensure grid reliability.
Energy storage systems play a vital role in managing the intermittency of renewable power. By investing in BESS, Ddev Plastiks Industries positions itself within a segment that supports round-the-clock clean energy availability and efficient grid operations.
The proposed investment indicates a long-term commitment to building capabilities in advanced energy technologies. Establishing a presence in the storage value chain could open opportunities across utility-scale, commercial, and industrial energy storage applications.
India’s policy focus on energy storage, including standalone BESS and hybrid renewable projects, has created a favourable environment for new entrants. Growing tender activity and regulatory support are encouraging companies to diversify into storage manufacturing and solutions.
For Ddev Plastiks Industries, diversification into BESS also reduces dependence on a single business segment. Expanding into clean energy-related infrastructure provides resilience and access to new growth avenues aligned with national sustainability priorities.
The investment is expected to contribute to domestic manufacturing and technology development. Local production of storage systems supports supply chain security and aligns with broader self-reliance goals in the energy sector.
Beyond commercial benefits, the venture may generate employment and foster skill development in emerging energy technologies. Storage projects typically require specialised expertise in engineering, integration, and system management.
As India advances toward higher renewable penetration, the role of battery energy storage will continue to grow. Ddev Plastiks Industries’ entry into the BESS segment reflects confidence in the long-term potential of energy storage as a cornerstone of the clean energy transition.
