Reliance Industries Secures 10GWh Battery Storage Capacity under PLI Scheme
In a significant step towards bolstering India’s advancements in battery manufacturing, Reliance Industries has been awarded a substantial 10GWh of advanced chemistry cell (ACC) battery storage capacity. This award comes from the Ministry of Heavy Industries, Government of India, as part of the highly-competitive Production-Linked Incentive (PLI) scheme announced on September 4. This initiative aims to enhance self-reliance in battery production while reducing the country’s reliance on imports.
Competitive Bidding Process
During the bidding process, seven companies submitted their proposals for the ACC battery storage capacity. The firms that participated included:
| Company Name | Capacity (GWh) |
|---|---|
| ACME Cleantech Solutions Pvt Ltd | Multiple |
| Amara Raja Advanced Cell Technologies Pvt Ltd | Multiple |
| Anvi Power Industries Pvt Ltd | Multiple |
| JSW Neo Energy Ltd | Multiple |
| Lucas TVS Ltd | Multiple |
| Reliance Industries | 10 |
| Waaree Energies Ltd | Multiple |
Government’s Commitment to Battery Manufacturing
The government has allocated a budget of ₹3620 crore for the ACC Manufacturing Scheme, further emphasizing its commitment to enhancing India’s capabilities in the battery sector. Reliance Industries distinguished itself from competitors through its comprehensive proposal that demonstrated both strong technical expertise and financial viability, thereby securing the full 10GWh capacity allocation.
Subsequent Steps and Industry Impact
Following the announcement, a shortlist of five companies has been created based on their rankings within the bidding process, including:
- ACME Cleantech Solutions
- Amara Raja Advanced Cell Technologies
- Waaree Energies
- JSW Neo Energy
- Lucas TVS
The PLI scheme for ACC battery storage is set to position India as a key player in the global battery manufacturing landscape, driving innovation and sustainability within the sector. This move is expected to fortify local industries and create numerous job opportunities while aligning with the government’s vision for a self-reliant nation.
Conclusion
Reliance Industries’ success in winning this PLI award is not just a win for the company but also a significant milestone for India’s ambitions in the green energy sector. With increasing global demand for electric vehicles and renewable energy sources, investments in advanced battery technologies will play a critical role in the country’s energy transition and economic growth.
(Disclaimer: Moneycontrol is part of the Network18 Group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)
