Amara Raja Batteries to acquire the plastic component for batteries business of Mangal Industries.

Amara Raja Batteries, a battery solutions provider, agreed to acquire the plastic component for batteries business of Mangal Industries, a manufacturer of auto components, metal fabrication, battery components, toolworks, storage solutions, and custom fabrication. Financial terms were not disclosed. "The move would strengthen the company’s control of the supply chain and “augments our battery recycling initiatives”. It also helps us in improving margins by better utilization of manpower and reducing logistics costs,” Harshavardhana Gourineni, Amara Raja Executive Director of Automotive and Industrial Batteries.