Amara Raja Energy & Mobility Limited (ARE&M), previously known as Amara Raja Batteries Limited, reported a 4% increase in revenues and a 6% rise in profit before tax for the second quarter of Fiscal Year 2024. The company, trading under BSE: 500008 and NSE Code: ARE&M, also announced a noteworthy interim dividend of Rs. 4.80 […]
In a robust financial performance, India’s prominent Industrial and Automotive Battery heavyweight, Amara Raja Batteries Limited, unveiled a 14% spike in its Q1 FY 24 revenues compared to the previous quarter. The reported revenue from operations stood at a significant ₹2,769.94 crores, marking an increase from ₹2,620.00 crores in Q1 FY23. The company further highlighted […]
Amara Raja Batteries has broken ground on the Amara Raja Giga Corridor, an INR 9,500 crores gigafactory in Mahbubnagar district, Telangana. The ground-breaking ceremony, which was attended by Telangana Minister KT Rama Rao, marks the beginning of the gigafactory, which is planned to eventually produce up to 16GWh of lithium cells and up to 5GWh […]
Amara Raja Batteries Limited (ARBL) has entered into a memorandum of understanding (MoU) with the Telangana government to invest more than INR 9,500 crores in the Amara Raja Giga Corridor in Mahbubnagar district. The Amara Raja Giga Corridor will house research and manufacturing facilities for lithium-ion battery-making. These include a lithium cell gigafactory which will […]
Amara Raja Batteries (ARBL) said that it has resumed operations at its Nunegundlapalli and Karkambadi plants in Chittoor District after getting relief from the High Court (HC) of Andhra Pradesh. It can be recalled that earlier this month, the two battery manufacturing plants were ordered to be closed by the Andhra Pradesh Pollution Control Board […]
Amara Raja Batteries said that it has been ordered by the Andhra Pradesh Pollution Control Board (APPCB) for closing its plants at Karkambadi and Nunegundlapalli in Chittoor District, Andhra Pradesh with immediate effect. The company, which manufactures lead-acid batteries, said that it is taking all the required measures to adhere to the orders from the […]