| Battery Capacity | 104.4 kWhProprietary Pack |
|---|---|
| Market Cap | ₹1458.4 CrMid-range Performer |
| P/E TTM | 17.11Sector 33.77 |
| RSI | 31.84Near Oversold |
Key highlights
- Development of proprietary 104.4 kWh battery pack under company-owned intellectual property
- Successful completion of international UL9540A certification for thermal runaway safety
- Compliance with IEC 62619, IEC 63056, IEC 60730, and IEC 61000 series standards
- Establishment of BESS manufacturing and integration capabilities in Pune, Maharashtra
- Product validated for thermal safety, electromagnetic compatibility, and transportation security
The Product — What It Is
The newly developed 104.4 kWh battery pack is a core component of SPML Infra's Battery Energy Storage System journey. Engineered as a proprietary solution, the pack has been validated against global benchmarks including UL9540A for thermal runaway safety and various IEC standards for functional performance. These certifications cover critical operational areas such as electromagnetic compatibility (IEC 61000-6-2/4) and system-level safety (IEC 63056).
By securing UN38.3 certification, the company has also ensured compliance with international transportation safety requirements, positioning the product for commercial deployment in the grid-scale energy storage market.
Commercial Opportunity
- Addresses rising demand for grid-scale energy storage to support renewable energy integration
- Proprietary technology allows for greater control over product evolution and cost structures
- Targeting utility-scale BESS markets for grid balancing and peak-load management
- Localization of critical engineering capabilities to serve the expanding Indian power infrastructure
- Integrated platform spanning assembly, system integration, and large-scale project execution
Strategic Validation
The validation of our proprietary 104.4 kWh battery pack represents an important milestone in SPML Infra’s energy storage journey. What makes this particularly significant for us is that we are developing technology and engineering capabilities within SPML, rather than limiting our role to manufacturing or project execution.
Business & Industry Context
SPML Infra is leveraging its four decades of expertise in power and water infrastructure to pivot toward next-generation energy solutions. The company is currently establishing an integrated BESS manufacturing hub in Pune, Maharashtra, which will house battery pack assembly and system integration units. This expansion comes as India accelerates renewable deployment, necessitating robust storage solutions for grid reliability.
While the company's core remains in engineering, procurement, and construction, the transition into proprietary technology development marks a shift toward building a differentiated platform in the emerging energy storage ecosystem.
“Our ambition is to build an integrated Indian energy storage platform spanning proprietary product development, manufacturing, system integration and large-scale project execution.”
| Share price | ₹173.31 |
|---|---|
| Market capitalisation | ₹1,458.40 Cr |
| Revenue (annual) | ₹868.46 Cr |
| Net profit (annual) | ₹74.68 Cr |
| Revenue (latest quarter) | ₹284.28 Cr-2.14% vs previous quarter |
| Net profit (latest quarter) | ₹22.68 Cr-16.57% vs previous quarter |
| P/E (TTM) | 17.11×Sector 33.77× |
| Promoter holding | 40.52%+0.33% QoQ |
| FII holding | 0.39%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by SPML Infra Limited announcing the development and certification of its proprietary 104.4 kWh BESS battery pack. Market figures from a third-party data provider.
