Amara Raja Batteries to set up plant for manufacturing four wheeler batteries

Amara Raja Energy & Mobility Ltd. | Batteries | Automobiles | BSE: 500008 | NSE: ARE&M

16 Aug 2012 Evaluate

Amara Raja Batteries has received an approval for the expansion / setting up of a plant for manufacture of four wheeler batteries at a capital outlay of Rs 14.00 crore. The board at its meeting held on August 14, 2012 has approved for the same.

Amara Raja Batteries (ARBL) is engaged in manufacturing of industrial and automotive batteries. It was founded in 1985. ARBL was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three-year warranty in industrial and automotive applications.

Peers

Company Name	CMP
Exide Industries	432.90
Amara Raja Energy	796.30
HBL Engineering	770.55
Eveready Inds. India	325.90
Indo-National	327.55
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