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Amara Raja Group to infuse Rs 7,000 cr in lithium-ion

Monday, 19 Sep 2022
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Amara Raja Group is set to train its sights on the electric vehicle (EV) sector, renewable energy markets, and energy storage systems. 
The company also expects the infrastructure and power business to more than double its turnover from Rs 1,200 crore to Rs 3,000 crore by 2025. 
The company will be investing around Rs 7,000 crore in lithium-ion, while continuing its focus on traditional-lead acid batteries. 
It is also offering battery packs to other applications like energy storage. During Phase-I, it will be investing around Rs 6,000-7,000 crore. 
The company will also have a research and development centre at Tirupati in Andhra Pradesh. It has already developed a technologically advanced power electronics team focused on the swapping and charging infrastructure, whilst looking at future business growth. 
The merger between Amara Raja Power Systems and Amara Raja Infra is on track and is expected to be over by the end of FY23. It expects to get the National Company Law Tribunal orders by the end of 2022. 
In renewables, the group has a 700 MW solar portfolio, of which around 500 MW is in execution stage, while 200 MW is already commissioned.
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