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Archives

Foundation Stone laid for third Amara Raja plant

03/11/2018 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Foundation stone laying ceremony

Leading industrial and automotive battery major Amara Raja Batteries Limited (ARBL) laid the foundation stone for its third automotive battery plant at Amara Raja Growth Corridor Chittoor, in Andhra Pradesh, on October 15. 
 
The ARBL Board had given the approval for the project in August 2018. 
 
The stone was laid by the Andhra Pradesh Minister of Industries, Food Processing, Agri Business, Commerce and Public Enterprises, Mr Amaranatha Reddy. Dr. Ramachandra N Galla, Chairman, Amara Raja Group, and Mr Vijayanand S, CEO of the company, were also present on the occasion along with the senior management team of Amara Raja.
 
In the first phase, the new facility will have a capacity of 6.5 million units. The estimated investment for the first phase is Rs 700 crore and it will employ 1300 people at its full capacity. The plant is designed to scale up to 10.8 million units eventually, making it one of the largest facilities of its kind in the country.
 
Buoyed by the industry’s overall growth potential and demand expectations, ARBL announced the new automotive battery plant last year. Recently, it signed a technology collaboration agreement with long-time partner, Johnson Controls to introduce advanced battery technologies to India. 
 
As per the agreement, the two companies will share best practices and improve product design and manufacturing technologies, enabling higher performance across Starting, Lighting and Ignition (SLI), Enhanced Flooded Batteries (EFB) and Absorbent Glass Mat (AGM) batteries. 
 
Amara Raja Chairman Dr Galla said, “The country is experiencing a phenomenal rate of growth, which has opened up a plethora of opportunities for increasing production and consumption. We have always set new benchmarks in innovation led manufacturing and consolidated our market leadership in the country by expanding our capacities and adopting advanced technologies, both in automotive, as well as industrial products. We have witnessed significant growth across all our business verticals over the year and we are confident of registering even greater growth rates, in the coming times.” 
 

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