Reliance, JSW among bidders for ACC Battery Scheme
POWER & RENEWABLE ENERGY

Reliance, JSW among bidders for ACC Battery Scheme

Reliance Industries Limited, JSW Energy, and five other prominent companies have submitted bids for the ambitious 10-gigawatt-hour (GWh) advanced chemistry cell (ACC) battery manufacturing project under the Production Linked Incentive (PLI) scheme. The initiative, aimed at bolstering domestic production of batteries for electric vehicles and energy storage systems, has attracted significant interest from industry leaders.

The PLI scheme, part of the Indian government's efforts to promote domestic manufacturing and reduce dependence on imports, offers financial incentives to companies for manufacturing high-efficiency ACC batteries. This move aligns with India's broader vision of transitioning towards electric mobility and sustainable energy solutions.

Reliance Industries, known for its diversified business interests including petrochemicals, telecommunications, and retail, has been aggressively expanding into the renewable energy sector. Their participation in the ACC battery project signals a strategic move towards capturing opportunities in the burgeoning electric vehicle market.

JSW Energy, a subsidiary of the JSW Group, brings its expertise in the energy sector to the table. With a focus on renewable energy projects and a commitment to sustainability, JSW Energy's involvement underscores the growing importance of battery technology in the clean energy transition.

The competitive bidding process reflects the growing interest and confidence in India's renewable energy and electric vehicle sectors. By fostering domestic production of ACC batteries, the government aims to enhance India's energy security, create employment opportunities, and bolster the country's position as a global player in the clean energy space.

Key players in the battery manufacturing industry recognise the potential of the Indian market and are keen to establish a strong presence. The successful implementation of the ACC battery project is expected to stimulate innovation, drive down costs, and accelerate the adoption of electric vehicles and renewable energy technologies.

As India gears up to embrace a greener future, initiatives like the ACC battery project are crucial steps towards building a sustainable and resilient economy. With strong support from industry stakeholders and government incentives, the country is poised to emerge as a key player in the global clean energy revolution.

Reliance Industries Limited, JSW Energy, and five other prominent companies have submitted bids for the ambitious 10-gigawatt-hour (GWh) advanced chemistry cell (ACC) battery manufacturing project under the Production Linked Incentive (PLI) scheme. The initiative, aimed at bolstering domestic production of batteries for electric vehicles and energy storage systems, has attracted significant interest from industry leaders. The PLI scheme, part of the Indian government's efforts to promote domestic manufacturing and reduce dependence on imports, offers financial incentives to companies for manufacturing high-efficiency ACC batteries. This move aligns with India's broader vision of transitioning towards electric mobility and sustainable energy solutions. Reliance Industries, known for its diversified business interests including petrochemicals, telecommunications, and retail, has been aggressively expanding into the renewable energy sector. Their participation in the ACC battery project signals a strategic move towards capturing opportunities in the burgeoning electric vehicle market. JSW Energy, a subsidiary of the JSW Group, brings its expertise in the energy sector to the table. With a focus on renewable energy projects and a commitment to sustainability, JSW Energy's involvement underscores the growing importance of battery technology in the clean energy transition. The competitive bidding process reflects the growing interest and confidence in India's renewable energy and electric vehicle sectors. By fostering domestic production of ACC batteries, the government aims to enhance India's energy security, create employment opportunities, and bolster the country's position as a global player in the clean energy space. Key players in the battery manufacturing industry recognise the potential of the Indian market and are keen to establish a strong presence. The successful implementation of the ACC battery project is expected to stimulate innovation, drive down costs, and accelerate the adoption of electric vehicles and renewable energy technologies. As India gears up to embrace a greener future, initiatives like the ACC battery project are crucial steps towards building a sustainable and resilient economy. With strong support from industry stakeholders and government incentives, the country is poised to emerge as a key player in the global clean energy revolution.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code