News ArticleAmara Raja Energy & Mobility Approves Rs. 2,320 Crore Investment to Expand Battery Cell Manufacturing and Declares Interim Dividend for FY 2026-27
Company declares interim dividend of Rs. 4.30 per share with record date on November 6, 2026, and plans capacity expansion through its wholly owned subsidiary ARACT in Telangana within 30 months
Amara Raja Energy & Mobility Limited approved its unaudited financial results for Q2 and half year ending September 30, 2026, declared an interim dividend of Rs. 4.30 per share for FY 2026-27, and its subsidiary approved a Rs. 2,320 crore capex to increase manufacturing capacity and set up a new LFP Cell Plant in Telangana within 30 months.
Amara Raja Energy & Mobility Limited
General / Other
Amara Raja Energy & Mobility Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026, declared an interim dividend of Rs. 4.30 per equity share, and approved a Rs. 2,320 crore capital expenditure for expanding battery pack manufacturing capacity and setting up a lithium iron phosphate (LFP) cell manufacturing plant through its wholly owned subsidiary ARACT.
The Board of Directors approved the standalone and consolidated financial results for the quarter and half year ended September 30, 2026, accompanied by a limited review report from joint statutory auditors confirming compliance with accounting standards.
An interim dividend of Rs. 4.30 per fully paid equity share of Re. 1 each was declared for the financial year 2026-27. The dividend will be paid on or before December 1, 2026, with the record date fixed as November 6, 2026.
Amara Raja Advanced Cell Technologies Limited, the company's wholly owned subsidiary, approved a capital expenditure of Rs. 2,320 crores to increase pack manufacturing capacity from 4 GWh to 9 GWh and establish an LFP Cell Manufacturing Plant at the Amara Raja Giga Corridor in Telangana.
The construction and commissioning of the new facilities are planned within the next 30 months, and financing will be through a mix of equity and debt.
This investment is aligned with the company's 'Energy & Mobility' roadmap and its initiative to build an integrated energy and mobility technology ecosystem in India through the Giga Corridor project.
Highlights
- Interim dividend of Rs. 4.30 per equity share declared for FY 2026-27.
- Record date for dividend payment set for November 6, 2026.
- Rs. 2,320 crore capex approved by subsidiary ARACT for battery manufacturing expansion.
- Pack manufacturing capacity to increase from 4 GWh to 9 GWh.
- New LFP Cell Manufacturing Plant to be set up in Telangana within 30 months.
- Capex funded through a mix of equity and debt financing.
Key Data Snapshot
What happened
- Amara Raja Energy & Mobility Limited approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- Declared an interim dividend of Rs. 4.30 per equity share for the financial year 2026-27.
- Fixed November 6, 2026, as the record date for interim dividend entitlement.
Key details
- Interim dividend will be paid on or before December 01, 2026.
- Dividend entitlement includes beneficial owners as per depositories and registered shareholders as of November 6, 2026.
- The interim dividend represents 430% of the face value of Re. 1 per equity share.
Transaction details
- The Board of Amara Raja Advanced Cell Technologies Limited (ARACT), WOS, approved a Rs. 2,320 crore capital expenditure plan.
- Plan includes increasing pack manufacturing capacity from 4 GWh to 9 GWh.
- Plans to set up a Lithium Iron Phosphate (LFP) Cell Manufacturing Plant at the Amara Raja Giga Corridor in Telangana.
- Facilities expected to be operational within 30 months post-approval.
- Funding will be conducted through a mix of equity and debt.
Strategic context
- The investment supports the company’s Energy & Mobility roadmap.
- The Giga Corridor initiative aims to establish an integrated ecosystem for emerging energy and mobility technologies in India.
Regulatory and governance context
- Financial results prepared and disclosed pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Limited review report issued jointly by Price Waterhouse Chartered Accountants LLP and K.S. Rao & Co confirming compliance with Indian Accounting Standards and regulations.
Highlights
- Interim dividend of Rs. 4.30 per equity share declared for FY 2026-27.
- Record date for dividend payment set for November 6, 2026.
- Rs. 2,320 crore capex approved by subsidiary ARACT for battery manufacturing expansion.
- Pack manufacturing capacity to increase from 4 GWh to 9 GWh.
- New LFP Cell Manufacturing Plant to be set up in Telangana within 30 months.
- Capex funded through a mix of equity and debt financing.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 - Interim Financial Reporting
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