Should buy HBL Power System
(HBLPOWER) - BUSINESS HISTORY A market leader in the production of batteries and power systems, HBL NPS Ltd was formerly known as Sab N- Power Systems and is headquartered in Hyderabad, India. The company was formed as a consequence of a merger that took place in 1999 between Hyderabad Batteries Ltd (HBL), which had been established in 1977, & SAB Nife Power Systems Ltd, which had been established in 1986. When the proportion of foreign investing in SAB NIFE dropped to a level that did not warrant separate legal organizations, the two firms that had the same management decided to combine their operations. At this point, the business has established itself as the preeminent provider of specialty batteries & power electronics in India, in addition to having a significant presence in a number of other nations. A J Prasad established Sab N-Power Systems in 1988 as a partnership with Nife Sweden. This partnership was a joint venture. In August of 1988, the company began producing go...