This agreement awards Reliance New Energy Battery Limited a 10 GWh ACC capacity, following a competitive global tender process and makes it eligible to receive incentives under India's Rs 18,100 crore PLI ACC scheme.
The Ministry had received bids from seven companies during the re-bidding process for the 10 GWh ACC manufacturing capacity, with a maximum budgetary outlay of Rs 3,620 crore, as announced on January 24 this year.