Backup batteries, diesel gensets and solar-hybrid power systems that keep sites running through outages.
HBL EngineeringDirect supplier · LowListed
Amara Raja Energy & MobilityDirect supplier · LowListed
Exide IndustriesDirect supplier · LowListed
Cummins IndiaIndirect supplier · MediumListed
Amara Raja Energy & Mobility (ARE&M)
Industrial/automotive battery major; telecom/UPS backup batteries are part of its industrial segment
Price
₹687.00
snapshot 30 Oct 2026
Strengths
Scale and R&D depth as one of India's two leading battery majors give its telecom/UPS backup segment manufacturing credibility and cost efficiency that smaller specialist suppliers lack
Risks
Automotive batteries dominate group revenue - telecom/UPS backup batteries are a minority, undisclosed slice
Note: Partial exposure - automotive batteries dominate group revenue
Market cap, ratios, CAGR and revenue: company table snapshot as of 30 Oct 2026 (the same figures on every page). Price: snapshot as of 30 Oct 2026. Not investment advice.
Where it fits
Backup batteries, diesel gensets and solar-hybrid power systems that keep a tower site's active equipment running through grid outages.
Why it matters
Rural and semi-urban India's grid reliability is inconsistent - uptime SLAs that operators promise customers are only as good as the backup power behind each site.
Where the value pool sits
Equipment makers earn both initial system sales and recurring battery-replacement/maintenance revenue, since batteries and gensets degrade and are serviced over a site's operating life.
Key drivers
Site count growth and rural/semi-urban network expansion
Shift toward solar-hybrid power to cut diesel operating costs
Grid reliability trends in under-served regions
Potential bottlenecks
Battery chemistry/raw-material supply for site backup systems