Chennai-based Amara Raja Batteries has decided to invest Rs 520 million for capacity expansion of its industrial battery division.

The company with innovative engineering, research and design has grown with partnerships and information sharing with world leaders.

Amara Raja Batteries, registered a sharp drop in net profit of Rs 149.17 million for the quarter ended in June 2008 as compared to profit of Rs 179.06 million for the same period year ago.

Shares of Amara Raja Batteries ended the day at Rs 129, up 1.61 per cent on National Stock Exchange. (Friday)