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BPL Merges Battery Units
BPL Ltd. of Bangalore, India, is merging its alkaline battery division with
BPL Soft Energy Systems, reports Business Standard.
The company is also increasing its authorized
capital to Rs200 crore from Rs140 crore.
P V K Sundaram, vice president, finance, said,
“The alkaline battery division is currently
a division of BPL Ltd. We are merging this division
with our subsidiary BPL Soft Energy Systems, which
manufactures dry cells. We are steamlining the
battery business into a single entity to gain
more scale.”
The alkaline battery division contributes Rs40
crore while BPL Soft Energy Systems turns over
Rs130 crore.
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