Amara Raja Energy & Mobility Ltd Share Price – NSE  /  BSE

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Amara Raja Energy & Mobility will hold a meeting of the Board of Directors of the Company on 3 August 2024.

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Craftsman Automation Ltd, Garden Reach Shipbuilders & Engineers Ltd, Gabriel India Ltd and Dhani Services Ltd are among the other gainers in the BSE's 'A' group today, 25 June 2024.

Amara Raja Energy & Mobility Ltd surged 17.35% to Rs 1618.65 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.99 lakh shares were traded on the counter so far as against the average daily volumes of 2.59 lakh shares in the past one month.

Craftsman Automation Ltd soared 9.82% to Rs 5310. The stock was the second biggest gainer in 'A' group. On the BSE, 32738 shares were traded on the counter so far as against the average daily volumes of 3845 shares in the past one month.

Garden Reach Shipbuilders & Engineers Ltd spiked 8.66% to Rs 1903.55. The stock was the third biggest gainer in 'A' group. On the BSE, 3.85 lakh shares were traded on the counter so far as against the average daily volumes of 2.36 lakh shares in the past one month.

Gabriel India Ltd jumped 7.95% to Rs 469.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 1.29 lakh shares were traded on the counter so far as against the average daily volumes of 64173 shares in the past one month.

Dhani Services Ltd added 6.01% to Rs 51.47. The stock was the fifth biggest gainer in 'A' group. On the BSE, 6.48 lakh shares were traded on the counter so far as against the average daily volumes of 3.95 lakh shares in the past one month.

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Gotion High-Tech has 8 global R&D centers, 8,000 patented technologies covering the battery industry value chain, 20 major manufacturing locations around the world, and a capacity layout expected to reach 300GWh by 2025.

As part of the agreement GIB EnergyX will license Gotion’s world class LFP technology for lithium-ion cells to ARACT.

This comprehensive agreement enables Amara Raja to manufacture world class LFP cells in both cylindrical and prismatic form factors.

The scope of licensing provides access to cell technology IP, support in establishing Gigafactory facilities conforming to latest generation process technologies, integration with Gotion’s global supply chain network for critical battery materials, and customer technical support for solution deployment.

The technology transfer and service support will fully complement Amara Raja’s efforts to operationalize its Gigafactory manufacturing capacities and its advanced research and innovation centre, ‘e+ Energy Labs’ that aims to lead India’s R&D capabilities in this field.

Last year, Amara Raja announced an investment outlay of Rs 9,500 crores to establish the Amara Raja Giga Corridor in the state of Telangana. The company aims to keep their products competitive and contemporary through access to continuous improvements in cell performance and process efficiencies through the partnership period.

Amara Raja and Gotion are both shareholders and board members of InoBat, an emerging lithium battery technology company in Slovakia, tackling advanced applications such as electric aviation and developing a robust ‘Cradle to Cradle' ecosystem of battery value chain.

Gotion-InoBat-Batteries (GIB), a joint venture between Gotion High-tech and InoBat, has recently signed an investment agreement with the Government of Slovakia for the development of the first LFP battery Gigafactory in the country.

Vikramadithya Gourineni, executive director, Amara Raja Energy & Mobility, added: “We are very excited to announce our deepening partnership with Gotion and InoBat.

We have invested a lot of time and effort over the past few years to understand the global new energy landscape and made a calculated decision to be a part of the evolving lithium battery ecosystem through our investment in InoBat. Further collaborating with GIB through their ‘Global C2C Alliance’

Amara Raja Energy & Mobility (formerly known as Amara Raja Batteries) is an Energy and Mobility enterprise and one of the largest manufacturers of energy storage products for both industrial and automotive applications in the Indian battery industry. The company's industrial battery brands comprise PowerStack, AmaronVolt and Quanta. The company is a leading manufacturer of automotive batteries under the brands Amaron and PowerzoneTM, which are distributed through a large pan-India sale & service retail network.

The company’s consolidated net profit jumped 30.9% to Rs 229.78 crore in Q4 FY24 as compared with Rs 175.60 crore in Q4 FY23. Revenue from operations increased by 19.5% to Rs 2,907.86 crore in Q4 FY24 as compared with Rs 2,433.24 crore posted in same quarter last year.

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Amara Raja Advanced Cell Technologies (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility (ARE&M), has signed a technical licensing agreement with GIB EnergyX Slovakia s.r.o., a subsidiary of Gotion High-Tech Co.

As part of the agreement GIB EnergyX will license Gotion's world class LFP technology for lithium-ion cells to ARACT. This comprehensive agreement enables Amara Raja to manufacture world class LFP cells in both cylindrical and prismatic form factors.

The scope of licensing provides access to cell technology IP, support in establishing Gigafactory facilities conforming to latest generation process technologies, integration with Gotion's global supply chain network for critical battery materials, and customer technical support for solution deployment.

The technology transfer and service support will fully complement Amara Raja's efforts to operationalize its Gigafactory manufacturing capacities and its advanced research and innovation centre, 'e+ Energy Labs', that aims to lead India's R&D capabilities in this field.

Last year, Amara Raja announced an investment outlay of Rs 9,500 crores to establish the Amara Raja Giga Corridor in the state of Telangana. The company aims to keep their products competitive and contemporary through access to continuous improvements in cell performance and process efficiencies through the partnership period.

Amara Raja and Gotion are both shareholders and board members of InoBat, an emerging lithium battery technology company in Slovakia, tackling advanced applications such as electric aviation and developing a robust 'Cradle to Cradle' ecosystem of battery value chain. GIB, a joint venture between Gotion High-tech and InoBat, has recently signed an investment agreement with the Government of Slovakia for the development of the first LFP battery Gigafactory in the country.

Gotion High-Tech has 8 global R&D centers, 8,000 patented technologies covering the battery industry value chain, 20 major manufacturing locations around the world, and a capacity layout expected to reach 300GWh by 2025.

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