Amara Raja Shares Surge 15% as Firm Exceeds 1 GWh Lithium Storage Deployment in Telecom Sector

Amara Raja Energy & Mobility Shares Surge Amid Reports of Lithium Energy Storage Push

Shares of Amara Raja Energy & Mobility surged sharply in Wednesday trade, with the stock trading at Rs 893.90, up Rs 120.10 or 15.52 percent, according to the latest NSE data.

The company is accelerating its lithium-ion strategy, with a sharper focus on the fast-growing telecom and data centre segments, while also targeting exports to 80 countries. Amara Raja Energy & Mobility is preparing to start a cell pilot facility in Telangana, which will begin production in June. The pilot facility will have a capacity to deliver 60 to 100 MWh if run at full capacity.

The integrated energy storage solutions provider is also working with customers to transition from lead-acid batteries to lithium-based energy storage solutions. The company expects aggressive growth in telecom, projecting about 1.5 GWh of additional lithium deployment in the sector this year alone. Amara Raja has already crossed one gigawatt hour in cumulative lithium installations in the telecom sector.

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The company's first giga facility, with 2 GWh capacity, is on track to be operational by the end of 2027. This facility will primarily serve the mobility market, with energy storage solutions (ESS) and stationary storage following the year after.