Production of advanced chemistry cell batteries in India
POWER & RENEWABLE ENERGY

Production of advanced chemistry cell batteries in India

India is set to embark on a significant milestone in its pursuit of advanced energy storage solutions, with the production of the first batch of Advanced Chemistry Cell (ACC) batteries expected to commence by January 2024, announced Union Minister Mahindra Nath Pandey on Tuesday.
The government greenlit the Production Linked Incentives (PLI) scheme for ACC battery manufacturing in May 2021, earmarking an estimated investment of Rs 18,100 crore for this endeavor. Advanced Chemistry Cell (ACC) batteries represent the forefront of cutting-edge energy storage technologies, capable of storing electric energy in various forms, be it electrochemical or chemical energy, and converting it back into electricity as needed.
"In December of this year or by January of the following year, we anticipate the initiation of ACC battery production within our nation," stated the Union Minister of Heavy Industries, underlining the imminent shift towards domestic production of these advanced energy storage units.
This development is poised to mark a significant leap forward for India in the realm of energy storage and sustainable technology. ACC batteries have the potential to revolutionize the energy landscape, offering enhanced energy storage capabilities for a wide range of applications, including electric vehicles and renewable energy systems. The PLI scheme's implementation is expected to strengthen India's position as a player in the global transition towards cleaner and more efficient energy solutions.


India is set to embark on a significant milestone in its pursuit of advanced energy storage solutions, with the production of the first batch of Advanced Chemistry Cell (ACC) batteries expected to commence by January 2024, announced Union Minister Mahindra Nath Pandey on Tuesday.The government greenlit the Production Linked Incentives (PLI) scheme for ACC battery manufacturing in May 2021, earmarking an estimated investment of Rs 18,100 crore for this endeavor. Advanced Chemistry Cell (ACC) batteries represent the forefront of cutting-edge energy storage technologies, capable of storing electric energy in various forms, be it electrochemical or chemical energy, and converting it back into electricity as needed.In December of this year or by January of the following year, we anticipate the initiation of ACC battery production within our nation, stated the Union Minister of Heavy Industries, underlining the imminent shift towards domestic production of these advanced energy storage units.This development is poised to mark a significant leap forward for India in the realm of energy storage and sustainable technology. ACC batteries have the potential to revolutionize the energy landscape, offering enhanced energy storage capabilities for a wide range of applications, including electric vehicles and renewable energy systems. The PLI scheme's implementation is expected to strengthen India's position as a player in the global transition towards cleaner and more efficient energy solutions.

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement