RIL, Ola, Tata Chemicals, 17 more keen on battery PLI scheme
As many as 20 companies, including Reliance Industries, Ola Electric and Tata Chemicals NSE 1.07 %, reportedly expressed interest in the Production Linked Incentive (PLI) scheme for manufacturing Advanced Chemistry Cell batteries, considered the latest technology in storage of electric power.
“The response to PLI ACC has been better than expected. We have notified the scheme for setting up a manufacturing capacity of 50 GWh, but the interest is more than double of that,” Arun Goel, secretary, Ministry of Heavy Industries.
Goel declined to specify the names of the companies that participated in the pre-bid meet held last month, although Amara Raja NSE 0.78 %, Exide Leclanche Energy and Lucas TVS also reportedly participated participated in the pre-bid conference.
The ministry released the Request for Proposal (RFP) document in October inviting bidders for setting up a total manufacturing capacity of 50 GWh with an outlay of Rs 18,100 crore. As many as 100 participants from 20 companies attended the pre-bid conference organized for prospective bidders.
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