City
Epaper

Amara Raja looks for acquisitions overseas for lead acid batteries

By IANS | Published: July 06, 2022 3:06 PM

Chennai, July 6 Getting into lithium ion battery making, automotive and industrial battery major Amara Raja Batteries Ltd ...

Open in App

Chennai, July 6 Getting into lithium ion battery making, automotive and industrial battery major Amara Raja Batteries Ltd is looking at acquisitions overseas to expand its lead acid battery business, said a top company official.

"In the lead acid battery business, we are looking at geographical expansion. We are looking at Africa, the Middle East and South East Asia. We have studied the markets and are on the lookout for acquisitions," Jayadev Galla, Co-Founder and Chairman said.

He said the worsening power situation augurs well for the battery companies as they sell batteries for uninterrupted power systems (UPS)/inverter, telecom and other sectors.

On the company's lithium ion battery plans, Galla said the company will set up a commercial pilot plant in 12-18 months time as talks are on for technology.

He said the company has a research and development (R&D) plant in Tirupati for making battery cells to validate the product and not the process.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Amara Raja Batteries
Open in App

Related Stories

PoliticsAndhra youth migrating to other states for jobs: Lokesh

TechnologyDeeptech battery startup Log9 raises $40 mn, aims global footprint

PoliticsJagan govt driving away companies: Chandrababu Naidu

BusinessARBL Q4 profit up at Rs 259 crore on revenue of Rs 2,103 crore

BusinessARBL to set up Rs 220 crore solar power plant in Andhra Pradesh

International Realted Stories

InternationalNo point in negotiating with a Govt that lacks authority: Former Pakistan PM Imran Khan

InternationalUN mission stresses commitment to help end Libyan crisis

InternationalIsraeli army says 8 soldiers killed in blast in Gaza's Rafah

InternationalPak cop fatally shoots two lawyers in Attock over personal grudge: Police

InternationalCOP28 President welcomes G7 Apulia Leaders' Communique support of commitments made in UAE Consensus