look news india
According to the Ministry of Heavy Power, to re-bid production linked incentives (PLI) aimed at supporting the production of electric vehicle (EV) batteries and especially 10 gigawatt hours (GWh) advanced chemistry cells (ACCs). Seven bids have been received under the global tender. The ministry, which announced on Tuesday, further said the bidders included ACME Cleantech Solutions Pvt Ltd, Amarraja Advanced Cell Technologies Pvt Ltd, Anvi Power Industries Pvt Ltd, JSW Neo Energy Ltd, Reliance Industries Ltd, Lucas TVS Ltd and Vaari Engineering Ltd. Have jointly participated in rebidding. Capacity of 70 GWH has been increased
This initiative comes under the National Program on ACC Battery Shortage PLI Scheme. Which was announced in January 2024. For which Rs 3,620 crore was allocated in the budget. This scheme received cabinet approval in May 2021. The target is to achieve a production capacity of 50 units of ACC at a cost of Rs 18,100 crore.