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ACC Battery Storage PLI: Reliance Unit, Mahindra, L&T Among 10 Bidders – BloombergQuint

The government approved an outlay of Rs 18,100 crore under the PLI scheme for advanced chemistry cell battery storage manufacturing capacity of 50 Gwh.

Under the scheme, the manufacturing facility will have to be set up within two years and incentives will be disbursed over five years on the sale of batteries made in India.

“The emphasis of the government is to achieve greater domestic value addition, while at the same time ensure that the levelised cost of battery manufacturing in India is globally competitive,” the statement said.

The programme is technology-agnostic and the beneficiary firm is free to choose suitable advanced technology and the corresponding plant and machinery, raw material and other intermediate goods, it said.