Amara Raja Batteries Ltd To Set Up Rs 220 Crore Solar Power Plant In Andhra Pradesh

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  • As part of the overall lead procurement strategy, ARBL will set up a greenfield lead recycling unit with a capacity of one lakh tonnes
  • It said that this will help the company comply with recycling standards while adopting advance technology in the most environmentally friendly manner

As per various media reports, Amara Raja Batteries Ltd (ARBL) is setting up a 50 megawatt solar power plant in Chittoor district of Andhra Pradesh at a total outlay of Rs 220 crore. As part of the overall lead procurement strategy, ARBL will set up a greenfield lead recycling unit with a capacity of one lakh tonnes.

It said that this will help the company comply with recycling standards while adopting advance technology in the most environmentally friendly manner.

Investment opportunities in advanced and futuristic energy storage technologies

Jayadev Galla, Vice Chairman and Managing Director, said the economy has started showing sharper signs of recovery with reduction in Covid prevalence and ongoing vaccination drive boosting industry confidence. Galla added that the company is assessing investment opportunities in advanced and futuristic energy storage technologies to address these emerging market segments.

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