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Amara Raja Batteries Ltd.

BSE: 500008 Sector: Auto
NSE: AMARAJABAT ISIN Code: INE885A01032
BSE 15:42 | 22 May 801.00 -9.80
(-1.21%)
OPEN

852.00

HIGH

852.00

LOW

775.00

NSE 15:53 | 22 May 799.00 -9.40
(-1.16%)
OPEN

803.00

HIGH

806.20

LOW

790.00

OPEN 852.00
PREVIOUS CLOSE 810.80
VOLUME 15331
52-Week high 922.30
52-Week low 665.45
P/E 29.03
Mkt Cap.(Rs cr) 13,681
Buy Price 0.00
Buy Qty 0.00
Sell Price 799.90
Sell Qty 66.00
OPEN 852.00
CLOSE 810.80
VOLUME 15331
52-Week high 922.30
52-Week low 665.45
P/E 29.03
Mkt Cap.(Rs cr) 13,681
Buy Price 0.00
Buy Qty 0.00
Sell Price 799.90
Sell Qty 66.00

Amara Raja Batteries Ltd. (AMARAJABAT) - Company History

Amara Raja Batteries Limited is the technology leader and one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. In India Amara Raja is the preferred supplier to major telecom service providers Telecom equipment manufacturers the UPS sector (OEM & Replacement) Indian Railways and to the Power Oil & Gas among other industry segments. Amara Raja's industrial battery brands comprise PowerStack AmaronVoltTM and Quanta. The company is a leading manufacturer of automotive batteries under the brands Amaron and Powerzone which are distributed through a large pan-India sales & service retail network. The company supplies automotive batteries under OE relationships to Ashok Leyland Ford India Honda Hyundai Mahindra & Mahindra Maruti Suzuki and Tata Motors. The company's Industrial and Automotive Batteries are exported to countries in the Indian Ocean Rim. The Galla Family and Johnson Controls hold 26% stake each in Amara Raja Batteries. Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Amara Raja Batteries Ltd was incorporated in February 1985 as a private limited company. The company was converted into public in the year 1990. In May 1992 they designed and implemented the most advanced battery manufacturing facility in India. In December 1997 they signed a joint venture agreement with the Johnson Controls Inc USA for the import of technology for the manufacture of Automotive (SLI) batteries. In the year 2000 the company launched Amaron automotive batteries. In the year 2002 they launched Quanta UPS Amkaron Hiway and Harvest batteries. In the year 2004 they launched Amaron PRO GO and FRESH automotive batteries. The company has increased the production capacity of VRLA Storage Batteries during the financial year 2003-04 by 150000 Nos and with this expansion the total capacity has increased to 1275000 Nos. The company further increased the production capacity by 500000 Nos during the year 2004-05 by 825000 Nos during the year 2005-06.During the year 2006-07 the company has successfully completed the expansion of their 2V VRLA annual capacity from 240 million AH to 350 million AH. The Company also has enhanced their automotive (monobloc) battery capacity from 2.4 million units per annum to 3.60 million units per annum. Also the company has announced aggressive capex plan contemplating an investment of Rs 2016 million.During the year 2007-08 the company increased the capacity of automotive battery plant from 3.6 million units to 4.9 million units which includes additional capacity created in monobloc VRLA batteries. The company is investing an amount of Rs 650 million to expand the large VRLA battery capacity from 450 million Ah to 900 million Ah and this new facility is expected to commence their operation during the second half of the financial year 2008-09.In May 2007 the company has launched a new retail store format 'Powerzone' to cater the growing need for better technology and better service at affordable price in the rural markets. They are offering a platter of products of global quality at local prices right from automotive batteries tractor batteries and home UPS from the House of Amara Raja. In May 2008 the company entered the two wheeler battery segment with the launch of Amaron Pro Bike Rider 2-wheeler batteries powered by VRLA technology with 60 months warranty. The company has also approved an investment of Rs 520 million to enhance the capacity of Industrial battery division.In February 2009 the company tied up with car maker Maruti Suzuki India for retailing Amaron MGB (Maruti Genuine Battery) through Maruti Authorized service centres. In March 2009 the company tied up with Tata International for export of automotive batteries under the Amaron brand in African markets. In August 2009 the company launched POWER SLEEK - FTA batteries.The Board of Directors of Amara Raja Batteries at its meeting held on 29 July 2010 approved capacity addition of 8 lakh in automotive batter unit and 18 lakh in the two-wheeler battery unit at a total capital outlay of Rs 53 crore. In December 2010 the company unveiled Amaron Volt Hi-Life batteries for critical industrial applications. Also during the month the company unveiled Amaron Sleek batteries for industrial applications.In May 2011 the company launched PowerZone 18 months warrant products.The Board of Directors of Amara Raja Batteries at its meeting held on 13 February 2012 approved the capacity expansion at a new location at a capital outlay of Rs 190 crore.The Board of Directors of Amara Raja Batteries at its meeting held on 28 May 2012 approved the proposal to sub-divide the equity shares of the company from the present face value of Rs 2 each to Rs 1 each.The Board of Directors of Amara Raja Batteries at its meeting held on 14 August 2012 approved the expansion/setting up of a plant for manufacture of four wheeler batteries at a capital outlay of Rs 14 crore.The Board of Directors of Amara Raja Batteries at its meeting held on 5 November 2012 approved the expansion/setting up of a plant for manufacture of two wheeler batteries at total capital outlay of Rs 99.80 croreThe Board of Directors of Amara Raja Batteries at its meeting held on 28 January 2013 considered and approved capex of Rs 440 crore to augment manufacturing capacities of Large VRLA and Four Wheeler batteries.During the quarter ended 30 June 2013 Amara Raja Batteries' automotive batteries division commenced supplies of two wheeler batteries to Honda Motors India Limited for its plant in Karnataka.On 22 January 2014 the company commissioned the modern and fully integrated MVRLA battery plant in a new location at Chittoor Andhra Pradesh. The Brownfield capacity expansion project in large VRLA product line came on stream in February 2014. The Board of Directors of Amara Raja Batteries at its meeting held on 11 November 2014 approved an investment of about Rs 500 crore for setting up tubular batteries manufacturing plant (for Home UPS application) with a capacity of 1.44 million units per annum.On 3 April 2015 Amara Raja Batteries announced that its four-wheeler automotive battery plant at Nunegundlapalle village Bangarupalyam Mandal Chittoor District (Unit II) with an installed capacity of 2.25 million units p.a. was commissioned on 26 March 2015. With this the total capacity of the four-wheeler automotive battery plant is at 8.25 million units p.a.The Board of Directors of Amara Raja Batteries at its meeting held on 24 May 2016 in view of anticipatory growth in demand for two-wheeler batteries reviewed a proposal for expansion of two-wheeler battery capacity to be implemented in four phases staggered over a period of four years which would on completion take the capacity from existing 11 million units per annum (p.a.) to 25 million units per annum. The Board approved setting up of necessary infrastructure for the entire expansion and first phase of expansion comprising of 3 lines which would take the capacity to 15 million units p.a. The Board had already approved at its meeting held on 19 March 2016 the expansion of four-wheeler battery capacity from 8.25 million units p.a to 11 million units p.a.During the quarter ended 30 June 2016 the company's automotive batteries division started selling tubular batteries manufactured by the company.During the quarter ended 30 September 2017 the company introduced Amaron Brute Hi-Life batteries for motive power application to address a growing market segment. On 19 December 2017 Amara Raja Batteries commissioned its two wheeler battery plant at the Amara Raja Growth Corridor in Chittoor Andhra Pradesh. The first phase of the plant which was commissioned will have a capacity of 5 million units. The plant will have an ultimate capacity of 17 million units with an estimated investment of Rs 700 crore taking the total capacity for two wheeler batteries to 29 million.