22nd June 2016: Mangal Industries – a company of the Amara Raja Group – inaugurated a new facility for engineering plastics at the ‘Amara Raja Growth Corridor’ (ARGC), a 500-acre industrial park. Dr N Siva Prasad, Honourable Member of Parliament, Chittoor in the presence of Honourable Chairman of the Amara Raja Group, Dr Ramachandra N Galla inaugurated the plant, in his address to the gathering he acknowledged the contribution of Amara Raja Group towards industrialisation & employment creation in Andhra Pradesh and appreciated the quality standards of the facility, the fourth manufacturing unit to have come up in the ARGC in the past three years. The foundation stone for the plastic moulding facility was laid by the Honourable Chief Minister of Andhra Pradesh, Mr N Chandrababu Naidu, in May 2015.
One of the major companies of the Amara Raja Group, Mangal Industries Ltd (MIL) has six business verticals: sheet metal industrial enclosures, automotive fasteners, engineering plastics, storage solutions and food pulp and beverages. MIL witnessed a business turnover of Rs 550 cr in FY16 with six manufacturing plants at three locations in Chittoor. This is the seventh manufacturing plant at the fourth location in Chittoor.
The most ambitious project of the Amara Raja Group, ARGC is situated in Andhra Pradesh, 8 km from the town of Chittoor, on the highway from Chennai to Bangalore. As a premium industrial infrastructure zone with high-speed connectivity to Chennai and Bengaluru, ARGC already has world-class manufacturing facilities of Industrial, Automotive and Tubular Storage Batteries. Mangal Industries Ltd is presently providing direct employment to more than 3000 people.