Reliance Industries Limited secures 10 GWh ACC capacity under PLI scheme

By Staff Report September 5, 2024 12:42 pm IST

RIL will receive Rs.3,620 crores in incentives for battery manufacturing.

The Ministry of Heavy Industries (MHI), Government of India has selected Reliance Industries Limited (RIL) under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage. RIL has been awarded 10 GWh ACC capacity under the PLI scheme based on the QCBS mechanism. This initiative is another step towards enhancing domestic manufacturing capacity, reducing import dependence, and positioning India as a global leader in ACC battery manufacturing.

MHI had received bids from seven bidders under global tender for the there-bidding of PLI for 10 GWh Advanced Chemistry Cell (ACC) manufacturing with a maximum budgetary outlay of Rs.3,620 crores, announced on 24th January 2024. The bidders ousted by RIL were ACME Cleantech Solutions Private Limited, Amara Raja Advanced Cell Technologies Private Limited, Anvi Power Industries Private Limited, JSW Neo Energy Limited, Lucas TVS Limited, Reliance Industries Limited, and Waaree Energies Limited for a cumulative capacity of 70 GWh.

In May 2021, the Cabinet approved the technology-agnostic PLI Scheme on ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving a manufacturing capacity of Fifty (50) Giga Watt hours (GWh) of ACC with an outlay of Rs.18,100 Crore. The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of Thirty (30) giga-watt hours (GWh), and the programme agreement with selected beneficiary firms was signed in July 2022.

The PLI ACC scheme has been a huge success in terms of the bids received to manufacture advanced chemistry cells in India. The overwhelming response shows that the industry has reposed its faith in India’s stellar progress as a world-class manufacturing destination which resonates strongly with PM’s clarion call of Atmanirbhar Bharat- a self-reliant India.