Amara Raja Batteries Limited to set up greenfield lead acid recycling plant

The Board of Directors of Amara Raja Batteries Limited at the meeting held today i.e February 13, 2021 approved setting up a greenfield lead acid recycling plant with an estimated capacity of 1 lakh tonnes p.a at a total outlay of Rs 280 crores to be spent over the next 18 months. This will help the Company comply with recycling standards whilst adopting advance technology in the most environmentally friendly manner.

The Company is also Setting up a 50MW solar captive power plant in Chittoor District of Andhra Pradesh at a total outlay of Rs 220 crores to support the sustainability initiatives of the Company. This will further reduce the cost of power and simultaneously bring down the carbon footprint of the Company.

Shares of AMARA RAJA BATTERIES LTD. was last trading in BSE at Rs.990.05 as compared to the previous close of Rs. 983.1. The total number of shares traded during the day was 42521 in over 1111 trades.

The stock hit an intraday high of Rs. 999.95 and intraday low of 966.3. The net turnover during the day was Rs. 41757960.

Source : Equity Bulls

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