India, Feb. 6 -- The Government of India has issued a release:
The Ministry of Heavy Industries (MHI) is administering the Production Linked Incentive (PLI) scheme namely "National Programme on Advanced Chemistry Cell (ACC) Battery Storage" (PLI ACC Scheme), approved in May, 2021 with a total outlay of Rs.18,100 crore to establish 50 GWh of domestic Advanced Chemistry Cell manufacturing capacity.
Under Round-2 bidding of the PLI ACC scheme, one beneficiary firm i.e. M/s Reliance New Energy Battery Ltd. had signed the Programme Agreement with Ministry of Heavy Industries on 17.02.2025 for establishing ACC manufacturing facility of 10 GWh Capacity. For Round-2, the scheme period is seven years from the appointed date of 01.07.2025, of which...