India’s Ministry of Heavy Industries signs battery PLI contracts with Reliance, Ola Electric

Circular Economy & Remanufacturing

Reliance New Energy, Ola Electric, and Rajesh Exports will receive incentives under India's USD2.28-billion program under PLI for ACC battery storage systems

The Government of India’s Ministry of Heavy Industries (MHI) signed the program agreement under the production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage with three selected bidders on 28 July 2022, an official press release issued by the Press Information Bureau (PIB) on 29 July 2022 announced.

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