Amara Raja Energy & Mobility Ltd News

If T'gana govt doesn't honour commitments, we may go elsewhere: Amara Raja

Expressing concern over the financial health of the Congress government in Telangana, Jayadev Galla, Chairman of Amara Raja Energy & Mobility on Saturday said if it does not honour the commitments made by the previous BRS regime, then they may have to look elsewhere for its plant's capacity expansion. Galla's comments came at a time when Chief Minister A Revanth Reddy and his team are touring the US trying to hardsell Telangana as an investment destination. Earlier in the day, Amara Raja Group held a groundbreaking ceremony for their Customer Qualification Plant for cell manufacturing and also inaugurated Phase 1 of the battery pack plant of 1.5 GWh in Mahabubnagar district. The battery maker had signed a MoU with the previous BRS government for investing 9,500 crore, over a period of 10 years, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana, which has an ultimate capacity up to 16 GWh and a Battery Pack ..

Amara Raja Energy Q1 FY25 results: Net profit up 26% at Rs 249 crore

Amara Raja Energy & Mobility (ARE&M) has posted about 26 per cent rise in consolidated net profit at Rs 249.12 crore for June quarter FY25. It had reported a net profit of Rs 198.31 crore for April-June period of 2023-24, the company said in an exchange filing on Saturday. Revenue from operations rose to Rs 3,263.05 crore from Rs 2,796.27 crore in the year-ago quarter. Revenue growth was aided by year-on-year healthy volumes registered in the automotive after-market, OEMs (original equipment manufacturers), and export markets, the company said in a statement. "In the quarter, we have seen good traction from our international operations. This was spearheaded by the offtake of our indigenously designed AGM (Absorbed Glass Mat) batteries. We are betting big on growing this space in the coming months," Harshavardhana Gourineni, Executive Director, Automotive & Industrial Batteries said. The company will continue to build its product range, cater to newer segments, and ...

Ather Energy partners with Amara Raja for homegrown e-scooter batteries

Ather Energy currently operates two manufacturing facilities in Hosur, Tamil Nadu, for battery production and vehicle assembly

Amara Raja signs technical licensing pact with GIB EnergyX; stock zooms 20%

ICICI Securities said the licensing agreement is a positive development for the company and such technology tie-up was keenly awaited

Amara Raja signs licensing agreement with GIB EnergyX for Li-ion cells tech

Amara Raja Advanced Cell Technologies Pvt Ltd on Monday said it has signed a licensing agreement with GIB EnergyX Slovakia s.r.o., for lithium-ion cells technology. As part of the agreement, GIB EnergyX, a subsidiary of Gotion High-Tech Co Ltd, will license Gotion's 'LFP technology' for lithium-ion cells to Amara Raja Advanced Cell Technologies (ARACT), a wholly-owned arm of Amara Raja Energy & Mobility Ltd (ARE&M), the company said in a statement. "This comprehensive agreement enables Amara Raja to manufacture world-class LFP cells in both cylindrical and prismatic form factors," it added. The scope of licensing provides access to cell technology IP, support in establishing gigafactory facilities conforming to the latest generation process technologies, integration with Gotion's global supply chain network for critical battery materials, and customer technical support for solution deployment, the statement said. "We firmly believe that India will be one of the fastest growing