Amara Raja Batteries’ board has approved setting up a greenfield lead acid recycling plant with an estimated capacity of 1 lakh tonnes p.a at a total outlay of Rs 280 crores to be spent over the next 18 months. This will help the company comply with recycling standards whilst adopting advance technology in the most environmentally friendly manner.
The company is also setting up a 50MW solar captive power plant in Chittoor District of Andhra Pradesh at a total outlay of Rs 220 crore to support the sustainability initiatives of the company. This will further reduce the cost of power and simultaneously bring down the carbon footprint of the company. The Board of Directors of the company at the meeting held on February 13, 2021 has approved the same.
Amara Raja Batteries is the flagship company of the group and is engaged in manufacturing of industrial and automotive batteries. The company was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three year warranty in industrial and automotive applications.
| Company Name | CMP |
|---|---|
| Exide Inds | 362.25 |
| Amara Raja Energy | 889.00 |
| HBL Engineering | 846.90 |
| Eveready Inds. India | 331.35 |
| Indo-National | 441.20 |
| View more.. | |
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