Search+Intelligent InvestingSynopsisFor 40 years, this was one of those businesses the market treated as safe – and slightly dull. It dominated its market, and it generated steady cash. Almost all its profit still comes from that old product. But the company has quietly decided its future lies somewhere else entirely. The company has changed its name, set up a new-energy subsidiary, committed capital to a large manufacturing facility. The opportunity is large. As is the risk. The new business is small for now, capital-heavy, and exposed to technology, timing, and customer adoption.Here is a company most people never think about, yet it is almost everywhere around you. Every second telecom tower in India runs on it. It sits in the background, keeping things running when the power would otherwise fail: In homes, on highways, inside data centres, across the railways. Inside this one listed company sit two very different businesses. One is old, large and reliable: It has kept India's vehicles, telecom towers, and backup ETMarkets.com 37 mins readJul 08, 2026, 11:11:00 PM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership