Poging GOUD - Vrij

RIL unit risks being fined up to ₹125 cr

Financial Express Kolkata

|

March 04, 2025

TO CUT ON IMPORTS

- ALISHA SACHDEV & PR SANJAI

A UNIT OF Mukesh Ambani-led Reliance Industries risks being penalised after failing to set up a battery cell plant that formed part of Prime Minister Narendra Modi's push to cut import dependence, said people familiar with the matter.

Reliance New Energy, among companies that won a bid for battery cell manufacturing in 2022 under a government plan to reward local production, is liable to pay fines of as much as ₹125 crore for missing a deadline, said the people.

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