Shares of Amara Raja Energy & Mobility surged sharply in Wednesday trade amid reports of a fresh push in its lithium energy storage business.


As per latest NSE data, the stock was trading at Rs 893.90, up Rs 120.10 or 15.52 percent.

On Tuesday, Moneycontrol had reported that Amara Raja Energy & Mobility is accelerating its lithium-ion strategy, with a sharper focus on the fast-growing telecom and data centre segments.

The integrated energy storage solutions provider is also working with customers to transition from lead-acid batteries to lithium-based energy storage solutions.

"For the last several years, we've been doing lithium pack business, mostly for low-voltage mobility as well as telecom. The cumulative lithium installations in telecom have crossed one gigawatt hour. That's only a small stepping stone for us," he said.

The company expects aggressive growth in telecom, projecting about 1.5 GWh of additional lithium deployment in the sector this year alone.

Amara Raja is set to begin cell production at its pilot facility in June.

"The first capacity is coming in June. This is a commercial qualification plant-essentially a pilot plant-meant to deliver cells for customer testing. If run at full capacity, it can deliver 60 to 100 MWh," Gourineni said.

The company's first giga facility, with 2 GWh capacity, is on track to be operational by the end of 2027.