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Amara Raja Batteries announces ₹500-cr capex plan - The Hindu BusinessLine


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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Amara Raja Batteries Q3 PAT spurts 18% to Rs 194 cr


Amara Raja Batteries (ARBL) s consolidated net profit jumped 17.98% to Rs 193.69 crore on 12.18% rise in revenue from operations at Rs 1,960.43 crore in Q3 December 2020 over Q3 December 2019.
Consolidated profit before tax (PBT) surged 19.93% to Rs 260.40 crore in Q3 December 2020 over Q3 December 2019. Total tax expense for the quarter soared 25.98% to Rs 66.71 crore as against Rs 52.95 crore in Q3 December 2019. The Q3 result was declared today, 13 February 2021. The board approved the payment of an interim dividend of Rs 5 per equity share.
In the automotive segment, revenue growth is aided by consistent growth in OEM and aftermarket segments and also the export segment registered robust growth. The telecom and commercial UPS market segments have also recorded a strong growth in the third quarter. Manufacturing capacities are fully ramped up to the optimum utilisation across all segments. ....

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