Time Technoplast Subsidiary Gains Key Certification for Stationary Batteries, Eyes Large Tender Market

PowerBuild Batteries Private Limited, a subsidiary of Time Technoplast, has received certification from the Central Power Research Institute (CPRI) for its OPzS stationary batteries. These batteries, also known as Tubular Batteries in transparent SAN (Styrene Acrylonitrile) containers (TBS), have successfully met the quality standards outlined in IS 1651:2013 after rigorous testing over six months. The certification covers key capacities including 100Ah, 200Ah, and 300Ah, vital for infrastructure-grade applications in the power sector.

Market Access and Significance

The CPRI certification is a critical requirement for PowerBuild Batteries to participate in government and EPC tenders within India's substantial power sector. This opens access to a market segment estimated at ₹3000-₹4000 crores for power generation batteries. OPzS/TBS batteries are flooded lead-acid stationary types designed for long service life and reliable float performance, making them suitable for essential applications in power generation facilities and substations.

Previous Business Developments

Time Technoplast has been building its presence in the battery segment through PowerBuild Batteries. Previously, PowerBuild secured ICAT approval for its e-rickshaw batteries, anticipating significant revenue. The subsidiary also established a strategic collaboration and exclusive distribution agreement with Europe's Monbat AD to supply advanced VRLA stationary and reserve power battery solutions for data centers and BFSI sectors. The parent company, Time Technoplast, a diversified polymer and composite manufacturer, has been focusing on increasing the contribution of higher-margin value-added products like composites.

Impact on Operations and Margins

This new certification directly enhances PowerBuild Batteries' eligibility for crucial utility and EPC tenders across India. The company is adding robust OPzS stationary batteries, suited for demanding infrastructure-grade applications, to its product line. Production will utilize existing manufacturing facilities, meaning no additional capital expenditure is required, which could improve capacity utilization. The company aims to improve its EBITDA margins by introducing these certified, high-demand products.

Market Competition and Risks

The Indian battery market is highly competitive, featuring established players such as Exide Industries and Amara Raja Energy & Mobility Ltd. Securing and successfully executing large tender wins will be essential for PowerBuild Batteries to gain market share and achieve sustained growth against these rivals.

Market Data

The stationary battery energy storage market in India is projected to grow significantly. It is estimated at USD 5.17 billion in 2025 and is expected to reach USD 9.90 billion by 2030, with a compound annual growth rate of 13.87%. Specifically for power generation, the battery demand is pegged at ₹3000 – ₹4000 crores annually.

Investor Focus Areas

Investors will be tracking several key developments:

• Order wins from utility and EPC tenders following the CPRI certification.
• The financial performance and EBITDA margin contribution from the new stationary battery segment.
• Market share gains against established competitors in the OPzS battery space.
• Any future product developments or certifications from PowerBuild Batteries.