Reliance, Ola, Hyundai, Rajesh Exports to Get Incentives under PLI Scheme for Battery Storage

Latest-News

Image used for representation. (Photo: Manav Sinha/News18.com)

These 4 companies will receive incentives under the PLI scheme to boost local battery cell production

Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors and Rajesh Exports have been selected for incentives under the Rs 18,100-crore production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage, according to an official statement.

These companies will receive the incentives under the scheme to boost local battery cell production, the Ministry of Heavy Industries said in the statement on Thursday.

A total of 10 companies submitted their bids under the scheme, for which a request for proposal (RFP) was released by the ministry in October last year. The scheme was open for receiving applications till January 14 this year and the technical bids were opened on January 15.

Note: Network18 and TV18 – the companies that operate news18.com – are controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary

Read all the Latest News , Breaking News and Ukraine-Russia War Live Updates here.

Tagged