The Ministry of Heavy Industries (MHI), Government of India has announced the selection of successful bidder under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage. Reliance Industries Limited has been awarded 10 GWh ACC capacity under Production Linked Incentive (PLI) scheme based on 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.
Ministry of Heavy Industries (MHI) had received bids from seven bidders under global tender for the bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing with maximum budgetary outlay of Rs.3,620 crores, announced on 24th January 2024.
The list of bidders (in alphabetical order) who had submitted bids in response to this tender 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.
All seven bids were evaluated, and six companies were shortlisted for financial evaluation as per the requirements under the RFP. Accordingly, the financial bids for the qualified bidders were opened on 2nd August, 2024, after announcement of the results of technical evaluation.
