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

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

06 Nov 2012 Evaluate

Amara Raja Batteries has received an approval for the expansion/ setting up of a plant for manufacture of two wheeler batteries at total capacity outlay of Rs 99.80 crore. The board at its meeting held on November 05, 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	432.00
Amara Raja Energy	795.10
HBL Engineering	770.00
Eveready Inds. India	325.90
Indo-National	327.55
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