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February 17, 2021
A file photo of Amara Raja Batteries Chittoor unit×
To set up a greenfield lead recycling unit and solar plant. Amara Raja Batteries Limited has announced a capex of ₹500 crore for setting up a lead recycling unit and a 50 MW solar power project to support sustainable development and meet a significant part of its power requirement through renewable energy sources.
According to the company management, which announced its financial results ib Saturday, it has recently inaugurated its Advanced Lithium Technology Research Hub with a pilot plant facility for cell development based on technology sourced from Indian Space Research Organisation (ISRO).
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. 05:24 PM IST This will help the company comply with recycling standards while adopting advance technology in the most environmentally friendly manner. The total capital outlay for this project is expected to be ₹280 crore over the next 18 months, the company said in a statement. The planned investments in Solar and lead recycling plants will further strengthen our resolve towards a cleaner environment through a sustainable circular economy and also aid reducing costs and provide long term support to our key raw material procurement, said S. Vijayanand, chief executive officer, Amara Raja Batteries Limited said.