Amara Raja to spend Rs 5.4 bn on tech to make advanced lead-acid batteries

Stamped-grid technology will allow it to offer high-performance batteries to meet customers' present and future needs

Automobile battery maker Amara Raja Batteries Limited is investing Rs 5.4 billion for the deployment of advanced stamped-grid technology, which will allow it to offer high-performance batteries to meet its customers' present and future needs. The company termed this investment as an important milestone in the process of development of advanced lead-acid batteries.

The announcement comes amid a strong volume growth, primarily driven by the export and original equipment segments.

The board of directors of the company, which met on Friday to approve the financial results for the quarter ended September 2018 has approved the capex for the deployment of new technology.

Amara