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Fresh bids for advanced chemistry cells
Mint Mumbai
|July 20, 2023
The ministry of heavy industries will be issuing a fresh tender for applications under the production-linked incentive scheme inviting bids for the ₹18,000-crore Advanced Chemistry Cells, or ACC project. The scheme aims to incentivize production of 20GWh battery storage capacity, it said on Wednesday.
During the initial round of awards under the PLI scheme, three companies qualified for incentives: Ola Electric, Reliance New Energy, and Rajesh Exports. However, Ola Electric (for 20GWh lithium-ion cell) and Reliance New Energy (for 5GWh sodium-ion cell manufacturing) have presented the roadmap for actual production to the government.
Bangalore-based precious jewellery firm Rajesh Exports, which had qualified for incentives for a 5GWh lithium-ion cell production capacity is yet to submit plans and is likely to be disqualified.
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