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Honeywell Secures a Contract with EESL

Updated on: Dec 20, 2024, 3:03 PM IST
Honeywell, an industrial automation solutions provider, announced on December 19, 2024, that it had secured a contract to provide building automation solutions to EESL.
Honeywell Secures a Contract with EESL
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Honeywell India, a subsidiary of Honeywell International, is integral to the company’s worldwide operations. With a robust presence in India for more than 80years, Honeywell engages in various industries, providing innovative technologies to tackle the nation’s specific challenges.

Contract from EESL

The company has secured a contract to offer building automation solutions for Exide Energy Solutions Limited (EESL), a wholly-owned subsidiary of Exide Industries, the largest battery manufacturer in India. This project will facilitate the establishment of an 80-acre lithium-ion gigafactory campus in Bengaluru, marking the city’s inaugural multi-gigawatt-hour lithium-ion cell manufacturing facility.

Contract Terms and Conditions 

Under the terms of the contract, Honeywell will implement its Enterprise Buildings Integrator (EBI) platform, which will facilitate centralised monitoring and control of building management systems. This initiative aims to enhance operational efficiency, improve incident response, and increase energy savings throughout the gigafactory campus. 

The facility is anticipated to be completed by 2025 and will manufacture lithium-ion batteries to meet the growing global demand for electric vehicles.

Company Statement

Mandar Deo, the CEO of Exide Energy Solutions, highlighted that Honeywell’s automation and safety systems are in line with their objective of creating a technologically advanced and sustainable manufacturing facility. Atul Pai, Vice President and General Manager of Building Automation at Honeywell India, remarked that the integration of these systems will improve the safety and efficiency of the gigafactory, facilitating the effective production of batteries for electric vehicles.

This partnership supports the Indian government’s ‘Make in India’ initiative and aligns with Honeywell’s strategy to prioritise automation and energy transition technologies. Additionally, it represents a significant move towards enhancing India’s self-sufficiency in electric mobility and promoting sustainable energy solutions.

Share Price Performance 

At 9:56 AM, Honeywell Automation India Ltd.’s share price was ₹41,353.20 on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 20, 2024, 3:03 PM IST

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