Gujarat Inject Kerala Partners With Storenergy For TESS Opportunities; Shares Rise Nearly 5%

Mumbai, August 24: Gujarat Inject Kerala Limited has entered into a strategic business partnership agreement with UK-based Storenergy Limited to evaluate and pursue Thermal Energy Storage System opportunities in India, with the company’s shares rising to ₹11.37 during Monday’s trading session.

According to the company’s exchange filing, Gujarat Inject Kerala has signed an agreement with Storenergy Limited, a company incorporated in England, to collaborate on the evaluation, development and pursuit of Thermal Energy Storage System (TESS) opportunities in the Indian market.

The arrangement is structured as a strategic business partnership and framework agreement. The company said the partnership is intended to facilitate its participation in the TESS business and related opportunities in India.

The commercial terms have not yet been finalised and will be decided at a later stage. The filing also states that the arrangement is not a related-party transaction.

Stock Market Snapshot

Gujarat Inject Kerala shares were trading at ₹11.37 as of 12:54 p.m. IST on August 24, 2026, according to the market data provided.

The stock moved sharply higher shortly after 10:00 a.m., climbing from around ₹10.3 to above ₹11 before settling at ₹11.37. Based on the previous close shown in the market data, the move represents a gain of roughly 5%.

The Gujarat Inject Kerala share price remained around ₹11.37 through the available midday data, indicating that the initial rise was largely sustained after the partnership disclosure.

Partnership Opens A New Energy Storage Avenue

The agreement gives Gujarat Inject Kerala an entry point into thermal energy storage, a segment that can support energy management and storage applications alongside conventional and renewable power systems.

For now, the company has not disclosed a confirmed project, investment commitment or revenue arrangement under the agreement. Instead, the partnership provides a framework for jointly evaluating and developing potential TESS opportunities in India.

The company has specifically stated that commercial terms will be determined at a later stage, making the agreement an initial strategic framework rather than a contracted order.

Conclusion

Gujarat Inject Kerala’s agreement with Storenergy establishes a framework for exploring Thermal Energy Storage System opportunities in India and potentially expands the company’s business exposure into the energy storage segment.

While the filing does not attach a specific project value or immediate revenue commitment to the partnership, it creates a platform for future collaboration between the two companies. Shares were at ₹11.37 as of 12:54 p.m. IST on August 24, 2026, after a sharp morning move higher.

Source:

• https://www.bseindia.com/stock-share-price/gujarat-inject-kerala-ltd/gujinjec/524238
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/ae9a6330-28bf-4599-a3c2-b6bba9512c82.pdf