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BHELSIA reaches out to Centre once again
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Center Government Transfer More Than 36 Companies to Finance Ministry
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Finance Ministry takes over the Department of Public Enterprises
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0 Comments The government of India has approved the proposal of the Department of Heavy Industry for the implementation of the Production Linked Incentive (PLI) scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. This scheme aims to achieve a manufacturing capacity of 50-Gigawatt hour (GWh) of ACC and 5-GWh of ‘Niche’ ACC with an outlay of Rs 18,100 crore.
ACC batteries are used in consumer electronics, electric vehicles, advanced electricity grids and more
Scheme expected to bring direct investment of Rs 45,000 crore in ACC battery manufacturing projects
Manufacturing of ACC batteries in India will facilitate demand for EVs
PLI scheme for ‘National Programme on Advanced Chemistry Cell Battery Storage’: what is it?
Govt approves closure of Scooters India
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Updated:
The firm has around 100 employees.
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The firm has around 100 employees.
The government has approved closure of loss-making state-owned firm Scooters India Limited and shutting down the operations of its units, the company said on Thursday. PTI had reported a week ago that the Cabinet Committee on Economic Affairs (CCEA) is believed to have given its consent to the closure of the Lucknow-based company. In a BSE filing, Scooters India said the Ministry of Heavy Industry and Public Enterprises has communicated that the competent authority has approved the closure. It has also cleared seeking a loan (with interest) of ₹ 65.12 crore required for the closure from the Government of India.