Brookfield was re-evaluating its investment plans in the Indian batteries market due to "technological uncertainties".
The company recently signed a technology collaboration agreement with long-time partner Johnson Controls to introduce advanced battery technologies to India
Market leader has done better on revenue front, margins
Total income during the quarter under review stood at Rs 15.70 billion
ARBL has been among the preferred vendors in a wide spectrum of companies - from infrastructure and power to railways and telecom, among others
The company manufactures led-acid batteries for both industrial and automotive applications
Firm earns 60% of its revenues from automotive segment; the remainder comes from its other vertical- industrial sector
As compared with Rs 136.32 cr in the corresponding quarter of previous fiscal year