Gujarat Inject (Kerala) Limited (GIKL) has entered into a strategic business partnership with England-based Storenergy Limited to jointly explore opportunities in the Thermal Energy Storage System (TESS) space in India. According to the latest BSE filing dated August 24, 2026, this collaboration represents a significant step for both companies to expand their presence in India's growing renewable energy sector, with the arrangement specifically focused on TESS business and related opportunities in the Indian market.
As part of the agreement, the two companies will work together to identify, evaluate and develop potential TESS opportunities in the Indian market. The primary objective of the framework agreement is to establish a collaborative relationship between both companies to evaluate, develop, and pursue opportunities in Thermal Energy Storage Systems (TESS) within the Indian market. As reported by Business Standard, the partnership is specifically aimed at enabling GIKL to participate in the growing renewable energy storage segment and explore related business opportunities in the country. This collaboration positions both companies to capitalize on India's expanding renewable energy infrastructure needs, with the latest agreement specifically targeting Thermal Energy Storage System opportunities.
Gujarat Inject Kerala Limited confirmed that specific commercial terms and financial considerations associated with the partnership will be finalized at a later stage. According to the BSE filing, management expects the alliance to facilitate the company's entry into the TESS business segment and capitalize on growing energy storage demand across India. The partnership framework agreement was executed on August 24, 2026, providing a structured approach for both companies to collaborate on thermal energy storage technology opportunities in the Indian market.
The strategic partnership comes as Gujarat Inject (Kerala) is undergoing a strategic transformation with an increasing focus on renewable energy and solar solutions. According to recent reports, the company has expanded its presence in Solar PV Modules and related clean energy businesses while continuing to strengthen operational capabilities, financial performance and long-term growth prospects. This transformation positions the company to leverage its enhanced capabilities across multiple renewable energy segments including both solar and thermal energy storage systems, with the latest Storenergy partnership further reinforcing its commitment to the renewable energy storage sector.
