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ACC PLI PROGRAMME
Rajesh Exports founder denies fund diversion in ACC Energy, says SEBI misread accounting entriesRajesh Exports Chairman Rajesh Mehta refutes SEBI's fund diversion claims. He states accounting entries were misunderstood. The company fac...- Rajesh Exports likely to lose PLI beneficiary status, face MCA probeRajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is considering...
- Ola Electric receives letter from IFCI for missing out on PLI milestonesOla Electric's subsidiary missed targets under the PLI ACC scheme, as mentioned in a letter from IFCI Ltd. Despite the setback, an Ola spok...
- Ola Electric unit partners with Ministry of Heavy Industries for PLI ACC Scheme to up domestic EV battery productionOla Cell Technologies Private Limited has joined the Ministry of Heavy Industries to benefit from the Production Linked Incentive Advanced ...
- Battery PLI: Beneficiaries asked to pay penalty for missing targetsThe Ministry of Heavy Industries has issued penalty notices to Ola, Reliance, and Rajesh Exports for not meeting targets under the ACC Batt...
- Reliance corners Rs 3,620 crore battery PLI sopsReliance Industries Limited has secured Rs 3,620 crores in incentives for producing advanced chemistry cell batteries. This win adds to the...
- JSW, Reliance, TVS place bids for battery PLI sopsJSW Neo Energy, Reliance Industries, Lucas TVS, ACME Cleantech, Amara Raja, Anvi Power, and Waaree Energies have participated in a producti...
- Centre receives seven bids to set up giga-scale battery manufacturing facilities; RIL, JSW Neo among biddersThe Ministry of Heavy Electricals has received seven bids for re-bidding Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry C...
- Elon Musk’s Tesla can apply for battery PLI sops: Heavy Industries MinistryIn 2022, the Centre had awarded PLI support for setting up 30 GWh of ACC battery manufacturing capacity by 2030. Ola Cell Technologies won ...
- Govt invites bids for setting up ACC units under PLI scheme for battery storagePLI scheme 'National Programme on Advanced Chemistry Cell Battery Storage' promotes manufacturing of technology-agnostic ACC in India. "Wit...
- Part of ACC battery PLI sops may go to supporting renewable energyThe ACC PLI programme is presently being speared by the Ministry of Heavy Industries. Deliberations are also underway within the government...
- Battery PLI aspirants split on capacity to be offered for bidsCompanies seeking support for manufacturing Advanced Chemistry Cell (ACC) batteries with support from the performance linked incentive (PLI...
- Govt announces re-bidding under PLI for advanced chemistry cell manufacturingThe government on Thursday announced the re-bidding of production linked incentives for 20 GWh Advanced Chemistry Cell manufacturing -- Ind...
- Re-auction of PLI for batteries soonThe Indian government will re-auction the performance-linked incentives (PLI) for 20 GW advanced chemistry cell (ACC) battery manufacturing...
- India may pull plug on FAME II after next fiscalThe likely shift comes as the ministry of heavy industries, which administers FAME, has launched an investigation into the alleged misappro...
- Reliance arm, Ola electric, Rajesh Exports Ink PLI pacts for batteriesThe Ministry of Heavy Industries has signed contracts with three companies under the Production-Linked Incentive (PLI) Scheme for advanced ...
- Reliance, Ola & Rajesh Exports sign program agreement under PLI scheme for battery manufacturingReliance New Energy Limited, Ola Electric Mobility Private Limited and Rajesh Exports Limited, the three selected bidders, signed the Progr...
- Hope to make India a global hub for EVs, cell tech: Ola co-founderUnder the initiative, the emphasis of the government is to achieve greater domestic value addition, while at the same time ensuring that th...
- Reliance, Ola, Hyundai, and Rajesh Exports win support for battery manufacturingHyundai and Ola Electric have been awarded support for setting up 20 Gigawatt Hour (GWh) of manufacturing capacity each. Reliance and Rajes...
- PLI scheme for battery storage to bring down EV cost, say manufacturers"Battery occupies a larger portion of any electric vehicle's cost. Thus, the right policy move will help us steer towards green growth in t...
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