Commercial production under PLI-ACC scheme to commence this fiscal: Govt
Commercial production under the production-linked incentive scheme for advanced chemistry cell manufacturing — India’s Rs 18,100-crore programme to boost local battery cell production — is likely to commence progressively in phases, in the current financial year, the Centre said on Thursday.
The Heavy Industries Ministry has awarded 30GWh of capacity to three beneficiaries, namely, Ola Cell Technologies Pvt. Ltd, ACC Energy Storage Pvt Ltd and Reliance New Energy Battery Storage Ltd and is in the process of awarding another 20GWh, with a target to achieve 50GWh production by 2030.
