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DISCREPANCIES IN TECHNICAL BIDS - Govt likely to give two weeks to ACC PLI applicants
Business Standard
|June 08, 2024
The central government is planning to give a two-week window to the applicants of the 10 GWh tranche of the Advanced Chemistry Cell (ACC) Production Linked Incentive (PLI) scheme to submit all the necessary documents, Business Standard has learnt.
This decision follows the discovery of discrepancies by the Ministry of Heavy Industries (MHI) in the technical bids submitted by several participants.
In some technical bids, these applicants have either not provided details of their valuation or other essential projectrelated information.
"We are planning to give two weeks' time to submit all necessary documents to all applicants," an official aware of the development said, adding that if the applicants fail to furnish the required documents, they will be disqualified. The discrepancy in the bids has caused the government to miss its target of completing the bidding process within a month of declaring the technical bidders.
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