Commercial production under PLI-ACC scheme to commence this fiscal: Govt business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
The scheme aims to strengthen the ecosystem for Electric Mobility and Battery Storage in the country and aims to add to Atmanirbhar Bharat initiative. "In line with the scheme vision to ensure domestic value addition, the technology for the Advanced Chemistry Cells is being developed by all 3 beneficiaries, which is in advanced stages of development. The total investment till date by these beneficiary organisations has reached up to Rs 2,090 crore," the statement said.
The Ministry of Heavy Industries has awarded to build a capacity of 30GWh to three beneficiaries, namely, Ola Cell Technologies Pvt. Ltd., ACC Energy Storage Pvt Ltd. and Reliance New Energy Battery Storage Ltd. and is in the process to award another