Amara Raja Batteries Ltd (ARBL) is engaged in the business of manufacture and sale of lead acid storage batteries for industrial and automotive applications. It is a joint venture between the Galla family and US based Johnson Control Inc. (JCI). Its products are supplied to various user segments, such as telecom, railways, power control and uninterruptible power supply (UPS) under industrial battery business, and to automobile original equipment manufacturers (OEMs), replacement market and private label customers under automotive...