16 Feb 2021

Amara Raja to invest in solar plant

Amara Raja Group's flagship company Amara Raja Batteries Ltd (ARBL) is setting up a 50 MW solar power plant in Chittoor district of Andhra Pradesh at Rs 220 crore.

The project is in line with the company's cost reduction and carbon footprint reduction initiative.

ARBL will set up a greenfield lead recycling unit with 100,000 tonne capacity as part of the overall lead procurement strategy.

ARBL reported net revenue from operations at Rs 1,960 crore in Q3 FY21 as compared to Rs 1,748 crore in the corresponding period of last fiscal. The profit before tax totalled is Rs 260 crore as against Rs 217 crore in Q3 FY20.

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Also read: Under-Rs 2.50 bids mark Andhra’s ambitious solar plants

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