Amara Raja Batteries Plans For A Green Field Automotive Battery Plant
2018-08-13 Announcements Transport Equipment National
Amara Raja Batteries Limited has informed that the board of directors of the company at its meeting reviewed and approved a proposal for setting up a greenfield automotive battery plant (project) with a capacity of 6.5 million units per annum to be implemented in three phases, staggered over a period of time. Upon completion of the project, the existing capacity of four wheeler battery will increase to 17.00 million units p.a. The total investment of the project is estimated at Rs. 700 crores and the same would be met out of internal accruals. The first phase is expected to be completed in the next 18 months. The remaining phases would be decided depending upon the then prevailing demand.