Amara Raja Energy & Mobility Limited has issued a clarification regarding a recent media article highlighting the company's achievement of crossing 1 GWh in lithium storage deployment within the telecom sector.
The company emphasises that this milestone represents cumulative installations over the years and not a new development.
On April 22, 2026, Amara Raja Energy & Mobility Limited addressed queries from the National Stock Exchange of India Limited and BSE Limited concerning a media article on their lithium storage deployment.
The company clarified that the 1 GWh milestone in the telecom sector is a cumulative figure, reflecting installations achieved over several years.
This clarification was necessary to ensure that stakeholders understand that the reported achievement does not signify a new development or material event.
The company reiterated that the information aligns with prior disclosures and is publicly available.
The media article, which led to a 15% surge in Amara Raja's share price, provided contextual commentary on the company's ongoing business activities.
It highlighted the cumulative nature of the 1 GWh lithium storage deployment, which has been a part of the company's strategic initiatives over time.
Amara Raja also addressed references to their giga factory plans, cell manufacturing initiatives, and future capacity expansions, stating that these are consistent with previous public disclosures.
Read More: Amara Raja Energy & Mobility Share Price Surges Over 13%; Targets 2027 for Large-Scale EV Cell Production!
Amara Raja Energy & Mobility Limited assured that there is no unpublished price-sensitive information or new material disclosure arising from the media article.
The company requested the stock exchanges to take this clarification on record, ensuring transparency and maintaining investor confidence.
As of April 23, 2026, at 9:54 AM, Amara Raja Energy & Mobility share price on NSE is trading at ₹924.50, up by 2.87% from the previous closing price.
Amara Raja Energy & Mobility Limited's clarification underscores the importance of accurate information dissemination. The company's statement highlights that the 1 GWh lithium storage deployment is a cumulative achievement, aligning with previously disclosed information and not a new development.
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Published on: Apr 23, 2026, 10:18 AM IST
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