Amara Raja charges up by 4 per cent
DSIJ Intelligence / 20 Dec 2017
The stock of Amara Raja Batteries was buzzing on the bourses on Wednesday as the company inaugurated the first phase of its two-wheeler battery plant in Chittoor, Andhra Pradesh.
The stock of Amara Raja Batteries was buzzing on the bourses on Wednesday as the company inaugurated the first phase of its two-wheeler battery plant in Chittoor, Andhra Pradesh.
The final capacity of the plant will be 17 million unit, of which 5 million unit capacity was commissioned on Tuesday. The company aims to increase efficiency with the plants advanced, high-seed assemble lines. The estimated cost of the plant is Rs. 700 crore.
Amara Raja Batteries is India's largest manufacturer of lead-acid batteries for automotive and industrial application. The company supplies auto batteries under OE partnership to most of the leading automotive makers in the country.
The stock was trading at Rs. 839.60 per share, higher by Rs. 32.40 or 4.01 per cent at 10:54 hours on Wednesday. Meanwhile, the benchmark indices, Sensex was at marginally down at 33,830.61, down 6.13 points or 0.02 per cent.
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