BPL has announced that it would be considering a proposal for lease and/or transfer of its alkaline battery business to an equal stakes joint venture. A decision is expected on Thurday, November 23, 2006. BPL has a manufacturing unit at Dobbestpet, 40 km from Bangalore, with a capacity to manufacture around 100 million batteries per year. Last year, BPL had hived-off its dry cell battery business to Eveready at an enterprise valuation of Rs 82 crore.
