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PLI ACC SCHEME
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 only battery PLI beneficiary with established capacity: CentreOla is the sole battery production linked incentive beneficiary with established capacity. Union minister H D Kumaraswamy informed the Lok ...
- 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...
- 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...
- Cell companies seek flexible terms on capacity under PLI planCompanies manufacturing cells - a key component of batteries used in electric vehicles, consumer electronics and high-tech electricity grid...
- No plan to reopen application window for PLI auto: GovtThere is no plan to reopen the application window for companies under the production linked incentive (PLI) scheme for the automobile secto...
- Govt looking to sort out issues of stakeholders concerning PLI schemeThe scheme was announced in 2021 for 14 sectors such as telecommunication, white goods, textiles, manufacturing of medical devices, automob...
- Govt assures PLI beneficiaries to resolve their issuesThe government announced the PLI (production-linked incentive) scheme in 2021 for as many as 14 sectors, such as telecommunication, white g...
- Discussion to extend PLI scheme to more sectors underwayThe objective of this PLI scheme is to make domestic manufacturing globally competitive, create global champions in manufacturing, boost ex...
- Heavy Industries Ministry signs contracts with three companies for battery manufacturing incentivesIt was initially decided that Hyundai Global Motors will also be getting the PLI support. But this was put on the backburner after it was r...
- 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...
- Vehicle manufacturers can avail of benefits under various PLI schemesThe road transport ministry is examining the incidents. An independent investigation is underway. I am sure there will be corrective measur...
- 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 to unlock India's manufacturing capacity: IcraSectors under which the PLI scheme has been announced currently constitute 40 per cent of the total imports.
- PLI scheme to promote investment in new age auto tech, says ACMA"This scheme is both progressive and transformational. It reiterates India's holistic commitment to a sustainable future and accelerates th...
- 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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