Battery maker Amara Raja to go ahead with Rs 350 crore capex on production

Company says it saw demand picking up in May and has managed coronavirus crisis well.

Amara Raja Batteries Ltd would need at least Rs 350 crore in capex this fiscal year as it expands its main business and scales up the e-rickshaw division, said analysts.

The proposed expansion includes completing a green-field unit for a third automotive battery plant and improving other facilities for domestic and export markets, said the company.

"We are revisiting as much as possible to see what all capex that we need to reconsider considering the demand situation and also the current economic scenario, so at this point of time our estimate is on capex around Rs 350 crore could be