Amara Raja Batteries Limited has informed regarding fire at one of the manufacturing units located in Nunegundlapalli village, Chittoor District of Andhra Pradesh on 31st January, 2023.

The said fire broke out in the tubular battery manufacturing unit which predominantly makes batteries for inverter application.

Management basis the initial estimates believes that the said unit has suffered major damages. The company is assessing the possible options and timelines for reinstatement of the affected unit and all efforts to renew the activities are in progress, however there will be impact on production and supplies from the said unit in the interim period. The revenue from this unit in FY 22 was around Rs. 700 crore.

The property damage is covered under the Mega All Risk Insurance Policy and the company has already informed the insurance company and sought for detailed insurance survey and assessment of all losses to property, inventory, and fixed assets.