Chloride Metals

What Chloride Metals does

Chloride Metals Ltd is an Indian industrial manufacturer of pure lead, lead alloys, and lead components, established in 2002 and operating as a 100% subsidiary of Exide Industries Ltd, India's largest battery producer. The company runs a circular-economy model: it collects scrap lead-acid batteries from dealers, smelts and refines them through rotary furnaces and refining kettles, and returns recovered lead and lead alloys to all Exide manufacturing plants for re-use in new batteries. It also produces recycled plastic granules as a by-product from the battery-breaking process.

Its product range centers on three categories: (i) pure lead at a minimum 99.98% purity for lead-acid batteries, UPS systems, counterweights, radiation shielding and ammunition; (ii) a broad alloy portfolio including lead-calcium-aluminium, lead-calcium-tin, lead-antimony, lead-tin, lead-tin-silver, lead-antimony-selenium, and various master alloys for battery grid and solder applications; and (iii) cast and forged lead components (gravity cast inserts, end pole castings, take-off terminals, welding rods). Manufacturing is spread across three purpose-built plants: Haldia (West Bengal, 108,000 MT/year lead and alloys, 3,600 MT/year plastic granules), Malur (Karnataka, 90,000 MT/year lead and alloys, 1,800 MT/year plastic granules), and Supa (Maharashtra, 120,000 MT/year lead and alloys), totaling 318,000 MT/year of installed capacity. Quality control relies on imported testing equipment including an Optical Emission Spectrophotometer, Atomic Absorption Spectrophotometer, and Mitutoyo Profile Projector, with defect levels held below 100 PPM.

Commercially, Chloride Metals functions as a captive B2B supplier inside Exide Industries' vertically integrated supply chain, with its GTM motion effectively being internal transfer to Exide plants supplemented by potential external supply to other battery makers. Revenue is generated through hardware sales of pure lead, lead alloys, lead components, and recycled plastic granules at negotiated or transfer-pricing terms, with pricing not publicly disclosed. The company holds ISO 9001, ISO 14001, and ISO 45001 certifications, operates a 2.6 MW rooftop solar PV system at Haldia (commissioned via Cleantech Solar), and has accumulated recognitions including the ASSOCHAM Circular Economy Award 2025 and British Safety Council International Award 2025, reinforcing its positioning as the cleanest organized lead recycler inside the Exide ecosystem.

Name

Chloride Metals

Legal name

Chloride Metals Ltd.

Website

https://chloridemetals.in

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Chloride Metals Ltd is a 100% subsidiary of Exide Industries Ltd that manufactures pure lead, lead alloys, and lead components through three Indian plants totaling 318,000 MT/year, supplying recycled lead back to Exide's battery plants under a circular-economy model.

Ownership category

akta.pro rank

Product category

Lead and Lead Alloys Manufacturing

NAICS

Secondary Smelting, Refining, and Alloying of Nonferrous Metal (except Copper and Aluminum) (331492), Primary Metal Manufacturing (331)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Lead-Acid Battery Recycling (Breaking, Smelting, Refining) (EUAIAIAG)

akta.pro secondary industry

Battery Scrap & Recycling Feedstock (Lead-Acid, Li-ion Black Mass Feedstock, NiMH) (IMAKAMAH)

Keywords

• Lead recycling
• Lead alloys manufacturing
• Pure lead ingots
• Battery components casting
• Lead-acid battery recycling

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Others

Revenue model

1. Lead and Lead Alloys Manufacturing: Manufacturing and supplying recycled lead and lead alloys. The company collects scrap batteries from dealers, recycles them, and recovers lead which is sent back to Exide to produce new batteries. Revenue is generated through the sale of pure lead, lead alloys, and lead components to the parent company and potentially other battery manufacturers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Chloride Metals manufactures pure lead (minimum 99.98% purity) and a broad range of lead-based alloys and cast lead components for battery makers and other industrial users. Across three Indian plants it also recycles used lead-acid batteries, recovering lead for re-use and producing recycled plastic granules as a by-product. Its primary customer is its parent company, Exide Industries Ltd, to which it supplies as a captive, backward-integrated raw-materials partner.

Product overview

Chloride Metals Ltd is a leading manufacturer of lead and lead base alloys, operating as a 100% subsidiary of Exide Industries Ltd. The company offers a comprehensive portfolio of products centered around three core offerings: Pure Lead (up to 99.98% minimum purity), Lead Alloys in various compositions (including calcium, antimony, tin, silver, selenium, and arsenic-based master alloys), and Lead Components (gravity cast inserts, forged cast inserts, end pole castings, and terminals). The company also operates battery recycling services that recover lead from exhausted batteries, producing recycled plastic granules as a by-product. All products are manufactured across three manufacturing plants (Haldia, Malur, and Supa) using eco-friendly processes compliant with international quality standards.

Differentiator

Problem solved

Functional benefit

Products and services

• Pure Lead Pure lead with minimum 99.98% purity level, produced through pyro metallurgical refining of raw lead bullions or re-melted lead ingots. Used in lead-acid batteries, UPS systems, counterweights, radiation protection, and bullet casings.
• Lead Alloys (Ingots) Lead alloys manufactured in standard ingot shapes weighing approximately 23-30 kg each, in multiple compositions including calcium, antimony, tin, silver, cadmium, selenium, and arsenic-based variants. Used for lead-acid battery grids, solders, bearing alloys, cast-on strap technology, and terminal production for VLRA batteries.
• Lead Components Cast lead components including gravity cast inserts, forged cast inserts, end pole castings, hand casting V Bar & Riser, take off terminals, and welding rods. Used in manufacturing of plastic lids for batteries and various lead-acid battery assembly applications.
• Recycled Plastic Granules Recycled plastic granules produced from used lead-acid battery recycling operations. Available with installed capacity of 3,600 MT/year at Haldia, 1,800 MT/year at Malur, and PP recycling at 150 TPM at Supa.
• Lead Acid Battery Recycling Services Recycling services for used lead-acid batteries and hazardous battery waste. The company collects scrap batteries from dealers, recycles and recovers lead, which is sent back to parent Exide Industries Limited to produce new batteries, supporting a circular economy model.

Quantifiable outcome

• Products delivered at below 100 PPM Defect level
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Others

• Exide Industries Limited: Chloride Metals' parent company and India's largest battery manufacturer. Not a competitor but the anchor customer; included as a peer because understanding Exide's strategy is essential to projecting Chloride Metals' captive offtake trajectory.
• Amara Raja Batteries Limited: India's second-largest lead-acid battery manufacturer (Amaron brand) and Exide's main competitor. Not a direct lead supplier like Chloride Metals but represents a potential alternative customer if Chloride Metals ever diversifies beyond its Exide captive arrangement.

Direct peers

• Eco Recycling Limited: Indian listed company engaged in e-waste and battery recycling, including recovery of lead from used lead-acid batteries. Smaller scale than Chloride Metals but competes in the same recycled lead and lead alloy supply market in India.
• Gravita India Limited: India's largest listed lead-acid battery recycling company, directly competing with Chloride Metals in secondary lead smelting and alloy production for the Indian battery industry. Both companies process used lead-acid batteries into refined lead and lead alloys using pyrometallurgical processes.

Regional players

• Dowa Holdings Co., Ltd. Japanese nonferrous metals smelter and recycler with lead recovery operations primarily serving Asian battery markets. Comparable scale and product mix in secondary lead production, with similar reliance on advanced refining technology.
• Hindustan Zinc Limited: India's largest zinc and integrated lead producer (a Vedanta Group company), competing with Chloride Metals as a primary lead supplier to Indian battery manufacturers. Different feedstock (mined ore vs. scrap) but overlapping customer base in Indian battery industry.

Broad incumbents

• Umicore SA: Belgian materials technology and recycling group operating one of the world's largest nonferrous metals recycling operations, including lead recovery from spent batteries. Comparable circular-economy model and broad specialty alloy portfolio.
• Glencore plc: Global mining and trading giant with substantial lead and zinc smelting operations worldwide. Operates one of the world's largest custom lead smelters and competes with Chloride Metals in supplying refined lead and alloys to global battery makers.
• Boliden AB: Swedish integrated nonferrous metals smelter and miner operating lead and zinc smelters in Europe. Comparable secondary smelting operations and produces refined lead for European battery manufacturers; serves as a benchmark for global scale lead recycling economics.

Emerging players

• Aqua Metals: US-based lead-acid battery recycler using hydrometallurgical (AquaRefining) technology instead of smelting. Comparable end-product (refined lead) but uses a different, lower-emission process, positioning it as a potential technology disruptor to traditional smelters like Chloride Metals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chloride Metals