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Company Information

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AMARA RAJA ENERGY & MOBILITY LTD.

20 December 2024 | 12:00

Industry >> Auto Ancl - Batteries

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ISIN No INE885A01032 BSE Code / NSE Code 500008 / ARE&M Book Value (Rs.) 371.46 Face Value 1.00
Bookclosure 14/11/2024 52Week High 1776 EPS 51.05 P/E 23.45
Market Cap. 21914.54 Cr. 52Week Low 729 P/BV / Div Yield (%) 3.22 / 0.83 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 1985 - Amara Raja Batteries Limited was incorporated as a private limited company on 13th February and converted into a public limited company on 6th September 1990. A fresh Certificate of incorporation was obtained on 8th November 1990 from the Registrar of Companies Andhra Pradesh. It was promoted by Ramachandra N. Galla, Smt. Amarakumari N. Galla & Associates. The Company manufacture sealed maintenance free lead acid batteries.

- The Company undertook to set up a plant for manufacture of sealed maintenance free lead acid batteries for industrial application with an installed capacity of 1 lakh nos. p.a.

- The Company entered into a technical agreement with GNB Inc. USA for providing the technical know-how and other related services.

1992 - 12,51,650 No. of equity shares allotted. 54,48,350 No. of equity shares of Rs 10 each the issue at par of which 19,98,350 No. of equity shares and 1,50,000 shares were reserved and allotted on a firm basis to promoters, directors etc. and APIDC respectively.

- Of the remaining, the following were reserved for allotment on a preferential basis:

- (i) 3,00,000 shares to SBIMF;

- (ii) 3,00,000 shares to LICMF;

- (iii) 60,000 shares to Canback MF &

- (iv) 3,35,000 shares to employees (only 3,24,500 shares taken up).

- Balance 23,05,000 shares alongwith 10,500 shares not taken by employees issued to the public. Additional 4,65,027 shares were allotted to retain oversubscription. 27,000 shares forfeited.

1993 - Approval was received for 5000 Air batteries and sets had been supplied at various installations.

1994 - The Company's ability to supply high efficiency battery for rural telecommunication encouraged DOT to switch over from 120 AH low maintenance battery to 80 AH VR LA battery for effective utilisation of Multi Access Rural Radio system in remote places.

- The Company received a prestigious turnkey order from ONGC for power supplies on unmanned offshore platform.

1995 - The Company's R&D establishment was recognised by the Department of Science & Technology, Government of India.

1996 - The Company undertook technology upgradation through in house R&D, new ranges, quality, customer satisfaction, need based capacity enhancement & integration of operation etc.

- The company's emphasis on overall operational quality resulted in the company receiving ISO 9001 Certification from RWTUV, Germany.

- Forfeiture on 2,000 shares annulled. During January 1998, 23,75,000 shares & 3,03,400 shares allotted at a prem. of Rs 79 per shares to Johnson Control Maritius Pvt. Ltd. and Galla family Co. core promoters of the Company.

1997 - The Company's emphasis on overall operational quality has resulted in the Company receiving "ISO 9001" certification from RWTUV, Germany and products obtaining UL recognition for safety of operations from Underwriters Laboratory, USA.

- Johnson Controls Inc (JCI), the US-based battery major, is going to acquire a stake of 23.38 per cent in Amar Raja Batteries Ltd.

- The company proposes to decide the issue price in line with the relevant guidelines shortly.

1998 - Amara Raja Batteries (ARB) Ltd, a leading industrial battery manufacturer in the country, is making forays into the automobile battery segment, and expanding its existing production facilities to enter the export market.

- The company is setting up an additional production facility with an installed capacity lighting, and ignition' (SLI).

- Amara Raja to set up its own project for the manufacture of plastic coves by importing three injunction moulding machines.

1999 - Amara Raja Batteries is setting up a greenfield facility to manufacture automotive batteries.

- The company introduced state-of-the-art VRLA (value regulated lead acid) technology in industrial batteries and soon emerged as market leader in this segment.

- The company has launched switch-mode rectifiers with a technology tie-up from Rectified Technology, Australia.

2000 - Amara Raja Batteries, launched a new automobile battery with higher life and low maintenance.

- The company will set up a new SLI battery unit with a capacity for manufacturing one million units of batteries per annum.

- The Company has launch of Amron a zero-maintenance, hi-life automotive batteries in Hyderabad and Chennai.

- The Company has launched "Amaron Pit Stops", a distribution network through franchises.

         - Amara Raja Batteries has fixed a premium of Rs 90 for equity shares
           of Rs 10 each to be issued to the domestic and foreign promoters on
           preferential basis.
- Amara Raja Batteries Ltd on September 24, 2001 announced the inauguration of its new automotive plant at Karakambadi in Tirupati.

- Amara Raja Batteries has reported a net profit of Rs 9.3 crore for the first half of the current Financial year.

2001

Name of Acquirer Shareholding before acquisition Shareholding after acquisition

1. Johnson Controls Maurititius P.Ltd 23.12% 26%

2. Mr.Ramachandra N.Galla 6.4% 7.49%

3. Mr. Jayadev Galla 6.62% 7.5%

4. Dr. Ramadevi 3.87% 4.72%

-Allotted shares on preferential basis

-Amara Raja Batteries which is in partnership with battery major Johnson Controls is now planning to develop batteries for motorcycles as well.

-Amara Raja Batteries (ARBL) has roped in Telco as one of its customers for supplying the automotive batteries, Amaron, to its LCV segment during the period ended June 2001.

-SEBI has launched criminal prosecution against Mr Harinarayan Bajaj and his son Rahul for creating artificial market in the shares of Amara Raja Batteries Ltd.

-The new automotive plant of Amara Raja Batteries Ltd (ARBL), an Amara Raja-Johnson Controls joint venture for the manufacture of storage batteries and standby valve regulated lead acid (VRLA) batteries, has commenced commercial operations on September 24

- Andhra Pradesh Chief Minister, Mr Chandrababu Naidu on September 24, inaugurated the Rs 45 crore, 50,000 unit per annum, greenfield plant of the Amara Raja Batteries at Thirupathi

-Launched 'Brute' Batteries, a maintenance free valve regulated acid traction battery in India to meet the power requirements of forklifts, pallet trucks, stackers and platform trucks.

2002

-Forged alliances with a number of global telecom players for the supply of high-end batteries for telecom equipment.

-Mr K Satish Reddy and Mr Douglas C Brown have resigned from the Board. And Mr Raymond J Brown has been appointed as Director of the company with effect from October 25, 2002.

2003

-Bagged an order from a leading automotive player in Japan for the delivery of automotive batteries for passenger cars in Japan.

-Mr Ramachandra N Galla appointed as the Executive Chairman and Mr Jayadev Galla appointed as the Managing Director of the company w.e.f August 1, 2003.

2004

-ARBL unveils 3rd 'Amaron PitStop' in Kerala

-Launches zero maintenance battery

-ARBL ties up with MUL for battery supply

2005

-Amara Raja ropes in Karthikeyan as brand ambassador

-Amara Raja sets up Amaron PitStop in Kottayam

-Amara Raja unveils limited edition series of car batteries

2007

-Amara Raja Batteries Ltd has appointed Dr. G Ramadevi as Director in the casual vacancy caused by the resignation of Mrs. Amara Kumari Galla.

-Amara Raja Batteries Ltd has appointed Mr. Shu Q Yang as a director in the casual vacancy caused by the resignation of Mr. Steven Gibbs.

- The Company has splits its face value from Rs10/- to Rs2/-.

2008

-The Company has issued Bonus Shares in the Ratio of 1:2.

2009

- Amara Raja Batteries Ltd has informed that the Board of Directors of the Company at its meeting held on June 01, 2009, inter alia, has considered and approved appointment of Mr. T R Narayanaswamy as an independent director with immediate effect.

2010

- Amara Raja Batteries Ltd forayed into an agreement with Japan's Honda Motor. This is in order to develop a valve regulated lead acid battery.

2011

-Amara Raja Group dons new identity to mark its Silver Jubilee celebrations.

-Amara Raja clocks Rs. 10 billion in revenue for H1 for the first time.

2012 -AmarrajaBatt - Capacity expansion in a new location. -Appointment of Mr. Ravi Bhamidipati as an Executive Director. -Company has splits its Face value of Shares from Rs 2 to Re 1

2013 -Board recommended a Dividend of Rs. 2.52/- (252%) per share. - The company has appointed Mr. M. R. Rajaram a as Company Secretary & Compliance Officer of the Company.

2014 -Board recommended a Dividend of Rs. 3.32(323%) per share.

2015 -Amara Raja Batt. - Commissioning of four-wheeler automotive battery plant at Unit II at Nunegundlapalle village, Bangarupalyam Mandal, Chittoor District

2017 -Amara Raja opens largest 2wheeler battery unit. - Amara Raja invests Rs 700 cr in new battery facility --Amara Raja First Award at 14th National Awards for Excellence in Cost Management 2016 July - 2017 - Amara Raja wins Gold in International Quality Convention-October

2018

-Amara Raja, Johnson Controls sign Technology Collaboration Agreement -Amara Raja Batteries Two wheeler batteries launch in Dhaka 6th sep 2018 -'5S' awards at 16th ABK AOTS - aCUMI 5S Competitions-January 2018

2019

- ARBL Ltd's Jayadev Galla on Indian firms' capacity to invest in Lithium ion batteries

2020

-Amara Raja launches digital app -Amara Raja forms Joint Venture to manufacture IoT devices -Amara Raja forms Joint Venture to manufacture IoT devices

2021

-Amara Raja Resumes Production; Committed to Environment and Sustainability -Amara Raja Batteries on Wednesday announced plans to invest in InoBat Auto, a European technology developer and manufacturer of premium innovative batteries for E-mobility. -Amara Raja to invest in Lithium-ion batteries

2022 -Amara Raja Batteries and Government of Telangana sign MoU for state's first Lithium-ion Battery Gigafactory.

2023

-Company name has changed to Amara Raja Energy & Mobility Ltd. from Amara Raja Batteries Ltd..