To greatly support the vision of Prime Minister Narendra Modi’s Atmanirbhar Bharat, a total of 10 companies have submitted bids to India’s Advanced Chemistry Cell (ACC) battery storage program. This Request for Proposal (RFP) was published by the Ministry of Heavy Industries (MHI) on October 22, 2021.
The Government approved the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC for enhancing India’s Manufacturing Capabilities with a budgetary outlay of Rs 18,100 crore. Under the said initiative the emphasis of the Government is to achieve greater domestic value addition, while at the same time ensure that the levelized cost of battery manufacturing in India is globally competitive.
agnostic. Beneficiaries are free to choose the appropriate advanced technology and corresponding plants and machines, raw materials and other intermediate goods to set up cell manufacturing facilities for all applications.
The companies that have applied for the ACCPLI scheme are:
1. Reliance New Energy Solar Limited
2. Hyundai Global Motors Company Limited
3. Ora Electric Mobility Private Limited
4. Lucas-TVS Limited
5. Mahindra & Mahindra Limited
6. Amara Raja Battery Limited
7. Exide Industries Limited
8. Rajesh Exports Limited
9. Larsen & Toubro Limited
10. India Power Corporation Limited
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