India’s Ministry of Heavy Industries (MHI) has received seven bids under its global tender for the re-bidding of production-linked incentives (PLI) for 10 GWh advanced chemistry cell (ACC) manufacturing announced in January this year.
ACME Cleantech Solutions, Amara Raja Advanced Cell Technologies, Anvi Power Industries, JSW Neo Energy, Reliance Industries Ltd, Lucas TVS, and Waaree Energies submitted bids for a cumulative capacity of 70 GWh against the tendered 10 GWh capacity.
In May 2021, the Cabinet had approved the INR 18,100-crore PLI Scheme to achieve ACC manufacturing capacity of 50 GWh.
The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of 30 GWh. Among the winning firms, Ola Electric Mobility secured incentives support for 20 GWh, Reliance New Energy Solar Ltd 5 GWh, and Rajesh Exports 5 GWh . The program agreement with selected beneficiary firms was signed in July 2022.
Further, in January, MHI issued the tender for setting up 10 GWh of ACC manufacturing capacity with maximum PLI outlay of INR 3,620 crore.
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