Reliance Secures 10 GWh in Major PLI Win

On February 17, the Ministry of Heavy Industries signed a program agreement with Reliance New Energy Battery, a subsidiary of Reliance Industries, under India's production-linked incentive (PLI) scheme for advanced chemistry cells (ACC). The company has been awarded a 10 GWh ACC capacity through a competitive global tender, making it eligible for incentives under India's Rs 18,100 crore PLI ACC scheme.

With this agreement, a total of 40 GWh of capacity has been allocated to four firms out of the 50 GWh available. The first round of bidding in March 2022 resulted in three firms securing 30 GWh, with agreements finalized in July 2022. The PLI scheme is designed to boost local value addition and ensure that India remains competitive in global battery manufacturing.

In line with this initiative, the Union Budget for 2025-2026 has introduced key measures, including the exemption of 35 capital goods used in electric vehicle (EV) battery production from basic customs duty (BCD). This is expected to encourage domestic production of lithium-ion batteries and strengthen India's e-mobility sector. The government's commitment to driving innovation, developing a robust domestic supply chain, and attracting foreign direct investment (FDI) is evident through these steps.

News by Rahul Yelligetti