Amara Raja plans to set up Rs 500-cr tubular batteries facility

Amara Raja, one of India's leading conglomerates offering a wide range of products from batteries, power solutions to electronics and fruit juices, is planning to set up a tubular batteries manufacturing plant primarily for home UPS application with an investment of Rs 500 crore.
 
Amara Raja Batteries Ltd has informed BSE that the board of directors at the meeting held on November 11, 2014, approved an investment of about Rs 500 crores for setting up tubular batteries manufacturing plant with a capacity of 1.44 million units per annum.
 
The company is already working on two on-going projects. These include the green field expansion project of four-wheeler automotive batteries facility and the project for addition of two lines for expanding two-wheeler batteries capacity. Amara Raja expects all three expansion projects to accelerate the growth momentum and secure it additional market share in the near future.

According to the company, the automotive battery business continued to maintain its growth trend both in two-wheeler and four-wheeler batteries. The industrial battery business registered double digit volume and revenue growth aided by optimal product mix and strong demand for the company's products. While the demand from telecom sector continues to be robust, the demand for UPS batteries witnessed a moderate growth.