Amara Raja Energy & Mobility Investment Gets Approval

On August 10, the Amara Raja Energy & Mobility Investment received Board approval for a further investment of up to INR 5 billion in its wholly owned subsidiary, Amara Raja Advanced Cell Technologies Private Limited, through loans, equity or other modes. The additional approval comes on top of an existing INR 20 billion approval for establishing gigafactories/plants. The subsidiary is being developed as part of the group’s gigafactory programme in Telangana, supporting its plans for lithium-ion cell and related battery technology development and manufacturing.

The Board also approved a further investment of up to INR 500 million in its other wholly owned subsidiary, Amara Raja Power Systems Limited, through one or more tranches. This is over and above the existing approval of INR 500 million and is intended to support additional operational and manufacturing requirements. Amara Raja Advanced Cell Technologies Private Limited remains a wholly owned subsidiary of Amara Raja Energy & Mobility Limited, while Amara Raja Advanced Cell Technologies Private Limited focuses on lithium-ion cells and related battery technologies.

Frequently Asked Questions

How much additional investment was approved for battery technologies?
The Board approved a further investment of up to INR 5 billion in Amara Raja Advanced Cell Technologies Private Limited through loans, equity or other modes. This approval is additional to the existing INR 20 billion approval for setting up gigafactories/plants. The subsidiary has been established to develop and manufacture lithium-ion cells and related battery technologies as part of the group’s gigafactory programme in Telangana. The additional funding supports the company’s ongoing battery technology and manufacturing expansion plans.

What additional investment was approved for power systems operations?
The Board approved a further investment of up to INR 500 million in Amara Raja Power Systems Limited in one or more tranches. This comes over and above an existing approval of INR 500 million and is intended to support additional operational and manufacturing requirements. Amara Raja Power Systems Limited is another wholly owned subsidiary of Amara Raja Energy & Mobility Limited. The additional investment provides funding capacity for operational and manufacturing requirements associated with the subsidiary’s activities.