Panasonic Energy India Company Share Price

Panasonic Energy India Company Limited, founded in 1972 as Lakhanpal National, Matsushita Lakhanpal Battery India Limited (MLBIL) is a Joint Venture between Matsushita Electric Industrial Corporation, Japan makers of the world famous National and Panasonic products and the late D D Lakhanpal. The Company changed its name to Panasonic Battery India Co. Limited on 6 September, 2005 and further to Panasonic Energy India Company Limited on 10th October, 2008. The Company is engaged in business of manufacturing dry cell batteries.The company commenced production of dry cell batteries, employing aluminium chloride technology. The companys collaborators Matsushita Electric Industrial Corporation and Matsushita Electric Battery, together hold the majority stake of 51% in the company. The companys Novino and Sumo range of batteries enjoyed a strong brand image in the large and pencil segments.In early 1989, the company expanded its capacity by setting up another plant at a cost of Rs 16 cr, which went on stream in Aug.89. It produces UM 3DNovino Gold penlite batteries, which are virtually 100% leakproof. In 1993, the company implemented a backward integration project to manufacture battery grade separator paper. To partfinance the cost of an additional production line at Pithampur, Madhya Pradesh, to manufacture hitech UM3D (R6) type of Novino Gold mercuryfree dry cell batteries, the company went public in May 94. The unit at Pithampur commenced production in Feb.95. In 199596, the company commenced production of battery operated gas lighters, as a step towards forward integration. In the same year, it also introduced Panasonic brand alkaline batteries in the market.During 19992000, the company has introduced Novino Premium Gold UM3NE, no mercury added super heavy duty ECO friendly battery. The Technical Assistance Agreement with Matsushita Battery Industial Co. Ltd., Osaka, Japan, has been extended for further five years i.e. 31st March 2004. In 20002001, the company has entered into an new Technical Assistance Agreement with MBI, Japan to manufacture through SSI units in India cost efficient and high performance Flashlights/Torches. The Company has become a pioneer by introducing No Cadmium added dry batteries in India.During the year 2004, the Company switched over its distribution system from Through Distributor, to Direct Marketing. Two rural products viz. UM1P and UM3 were upgraded and two new products viz. UM1PB Super Raja and UM3UM were introduced during the year. In 200405, the Company was renamed to Panasonic Battery India Company Limited from Matsushita Lakhanpal Battery India Ltd. The Company commissioned production of UM4U (AAA size) Dry Cells at Vadodara factory and UM1P (D Size) Dry Cells at Pitharhpur factory during the year 2006. Company carried out the launching of Panasonic brand dry cell batteries during the month of March and April 2007. It launched Alkaline and Lithium range of products during the year 200809. In diversifying the Companys product, it launched new LED torch models. During 201011, it launched new improvised R20 R14 mercury free batteries. In 201213, it started trading of Rechargeable batteries and chargers of Eneloop brand being manufactured by Sanyo, a group Company of Panasonic Corporation. It launched Panasonic Ultimate AA battery during 201415. It enhanced production capabilities with commissioning of new R03/ AAA battery production line in 201516. Further, it introduced the highest performance grade of product in R20 paste type Panasonic Gold. During 201617, the Company started exports and launched Zinc Carbon, AA/AAA/R20 batteries in the neighbouring country, Nepal in 201718. During 202021, it launched Alkaline AA/AAA 20 times longer lasting EVOLTA batteries in India. The Company maintained its stance of offering a extensive range of high performance batteries to serve Indias portable energy need. Zinc carbon batteries has dominated the market since they are compatible with most Indian appliances during the year 202425. The growing use of devices, alkaline and lithium coin batteries have enhanced its growth.