Trio sign up to make batteries under PLI programme
Reliance New Energy, Ola Electric Mobility Private Limited and Rajesh Exports Limited have signed up under the government’s Rs 18,000-crore production-linked incentive scheme for manufacturing advanced battery cells.
The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours (Gwh) of battery storage capacity under a production-linked incentive programme.
Union minister for heavy industries Mahendra Nath Pandey said: “This will be favourable to EV ecosystem and the energy storage market as it will support the demand for EVs and attract investment in this sector.
