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PLI STORAGE 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...
- India must push solar, grid reforms to navigate oil price rise: Ex-NITI Aayog member Arvind Virmanisuggested navigating this crisis by adopting a two-pronged strategy by implementing a gradual pass-through of rising oil and gas prices in ...
- Ola Electric in talks to supply battery cells to global automakersOla Electric is in discussions with global and domestic automakers to supply lithium-ion cells and battery packs. The company's Krishnagiri...
- Portugal eyes bigger role in India’s infrastructure, manufacturing push as trade ties deepenPortugal's Minister of State for Economy, João Rui Ferreira, expressed readiness to contribute to India's infrastructure goals, highlightin...
- India's 6.6% growth "very good record" amid global turmoil: Amitabh KantIndia leads global economic growth with a 6.6% GDP expansion amidst international turmoil. Former NITI Aayog CEO Amitabh Kant highlights st...
- Capital market stocks: Time to change strategy? 10 stocks from different parts of the ecosystemThe capital market infrastructure sector has grown into a full-fledged, publicly-traded ecosystem. Today, investors can pick from exchanges...
- India set to emerge as world's 2nd largest solar market in 2026: NSEFIIndia is set to become the world's second-largest solar market in 2026. The nation is rapidly adding solar capacity, reaching 150 GW. This ...
- Ola Electric shares nearly double from a record low: Is a comeback in sight?Besides luck, certain positive updates and improving numbers suggest the rally could be backed by real progress. Momentum is building as in...
- Ola Electric’s battery unit receives IFCI notice for missing PLI-ACC scheme targetsIt received a letter from the IFCI for failing to meet targets under the PLI Advanced Chemistry Cell scheme. IFCI is the project management...
- 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...
- 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...
- 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...
- 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...
- Getting charged up for battery storageThe focus on the manufacturing of advanced chemistry cell (ACC) battery storage is important, as it will help drive storage costs down and ...
- 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...
- Govt approves Rs 18,100 crore incentive scheme for promoting battery storageThe scheme, National Programme on Advanced Chemistry Cell (ACC) Battery Storage, is expected to attract investment of Rs 45,000 crore, info...
- Govt approves Rs 18,100 crore PLI scheme for promoting ACC battery manufacturingWith the objective to promote the Make in India initiative, the National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expe...
- 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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