Belding India Q2 Investor Presentation Infrastructure Expansion

The company has built an integrated infrastructure manufacturing platform with five capability platforms: Edge Data Centre Engineering & Manufacturing, Defence Communication, Security & Surveillance, Battery & Energy Storage, and Precision Manufacturing.
Operational milestones include the commissioning of a 3 GWh BESS assembly line and the development of a 200,000 sq. ft. integrated manufacturing campus on a 9-acre site.
Key drivers include a manufacturing-led OEM/ODM model, advanced fabrication capabilities, and turnkey EPC execution for faster deployment.

The presentation outlines performance across multiple business verticals but does not provide specific segment-wise revenue, growth, or margin figures for the quarter or half-year ended September 30, 2026.

The presentation is a business update and does not contain specific financial figures for Revenue, EBITDA, PAT, EPS, or Margins for the quarter or half-year ended September 30, 2026.
It notes that revenue recognition commenced in Q2 FY27.

The company has completed a significant capital expenditure project, developing a 200,000 sq. ft. manufacturing facility and a 30,000 sq. ft. administrative building.
The investment rationale was to create an integrated manufacturing ecosystem to support scale across its diversified infrastructure applications.

Product Launch: Launched a Hybrid BESS product designed to reduce diesel dependency for industries.
Acquisition: Completed a 100% acquisition of Evolve IT Solutions, adding indigenous security screening technology (X-ray baggage scanners, cargo inspection, AI-enabled imaging) for airports, ports, and defence.
Investments in Innovation: Focus on developing integrated solutions for Edge Data Centres, BESS, and defence infrastructure, including private 5G and unmanned aerial platforms.
Expected Impact: The integrated platform and new products are positioned to capture opportunities in India's expanding digital and energy infrastructure markets.
Strategic Rationale: To build a self-reliant, integrated infrastructure platform supporting India's digital economy, clean energy transition, and defence indigenization through engineering excellence and Make in India.

Digital Infrastructure: India's data centre capacity more than tripled since FY19 to 1,900 MW in FY26; projected to expand to 9-12 GW by 2031. Mumbai ranks 6th globally in under-construction capacity. A USD 90 Bn value-chain opportunity by FY35 is driven by cloud adoption, AI, 5G rollout, and data localization.
Energy Storage: The India BESS market is projected to reach USD 8.6 Bn by 2031 (33.2% CAGR). A 47 GW storage need is projected by 2030 versus <1 GW installed in early 2024. Growth is driven by PLI schemes, Viability Gap Funding, falling LFP prices, and Energy Storage Obligations.
Defence & Security: India's military drone market is projected to grow to USD 1.9 Bn by 2034 (13.8% CAGR). Defence exports rose 62.7% in FY26. Growth is driven by indigenization policies and modernisation budgets.
Impact on Company: These macro trends create a multi-year addressable market for Belding's offerings in modular data centres, BESS, defence communication, and security screening systems.

Strategic Outlook: Chairperson Umesh Sahay stated the company is "contributing to this transformation through indigenous, end-to-end solutions" and that "the convergence of digitalisation, engineering excellence, domestic manufacturing and clean energy will be instrumental in building a resilient, self-reliant and sustainable infrastructure ecosystem."
FY Guidance: Specific projected revenue, margin, or capex targets were not disclosed.
Risks and Opportunities: Not explicitly detailed beyond the broad market opportunities presented.

Environment: The manufacturing facility features a 2 MW captive solar capacity, zero liquid discharge, water treatment, rainwater harvesting, and EV-ready infrastructure. A green-building certification initiative is underway.
Social: Focus on building a skilled, safe, and scalable workforce.
Governance: The board has three active committees. The company states compliance with SEBI LODR and a commitment to BRSR-aligned disclosure, underpinned by ISO 9001, 14001, and 45001 frameworks.