RIL unit, M&M among 10 cos to bid under PLI scheme for ACC battery storage
RIL subsidiary Reliance New Energy Solar, Hyundai Global Motors, Ola Electric, Mahindra & Mahindra and Larsen & Toubro are among the 10 firms that have submitted bids under the Rs 18,100 crore production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Saturday.
A total of 10 bids with capacity of 130 Gwh — over twice the manufacturing capacity to be awarded — were received.
Amara Raja Batteries, Exide Industries, Rajesh Exports, India Power Corporation and Lucas-TVS have also submitted bids.
“Industry has reposed its faith in India’s stellar progress as a world class manufacturing destination which resonates strongly with Prime Minister’s clarion call of Atma Nirbhar Bharat – a self-reliant India,” an official statement said.
