Reliance New Energy Secures 10 GWh Under PLI ACC Scheme

19 Feb 2025 CW Team

This agreement marks another milestone in the implementation of the National Programme on Advanced Chemistry Cell (ACC) Battery Storage, approved in May 2021, which aims to establish 50 GWh of domestic manufacturing capacity. With this signing, a cumulative 40 GWh capacity has now been allocated to four beneficiary firms. The first round of bidding in March 2022 had awarded 30 GWh to three firms, with Programme Agreements signed in July 2022.

Senior MHI officials highlighted that the PLI ACC Scheme is designed to enhance local value addition while keeping India's battery manufacturing costs globally competitive. The scheme allows beneficiaries the flexibility to adopt the most suitable technologies and inputs to establish state-of-the-art ACC manufacturing facilities, supporting India's growing EV and renewable energy storage sectors.

Complementing the PLI initiative, the Union Budget for FY 2025-26 introduced key measures to accelerate domestic battery manufacturing. These include exempting 35 additional capital goods used in EV battery production from Basic Customs Duty (BCD), a move aimed at bolstering lithium-ion battery production in India. The Budget’s broader push for strengthening domestic manufacturing and value addition reinforces the government's vision of a self-reliant battery ecosystem.

The Ministry of Heavy Industries remains committed to fostering innovation, strengthening domestic supply chains, and attracting Foreign Direct Investment (FDI) to build a sustainable battery manufacturing sector. The government's efforts have already spurred investment, with over 10 companies setting up more than 100 GWh of additional cell manufacturing capacity beyond the PLI beneficiaries.

(PIB)

In a significant boost to India’s advanced battery manufacturing sector, the Ministry of Heavy Industries (MHI) signed a Programme Agreement with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, on February 17, 2025. Under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC), the company has been awarded a 10 GWh manufacturing capacity, making it eligible for incentives under the Rs 181 billion scheme. This agreement marks another milestone in the implementation of the National Programme on Advanced Chemistry Cell (ACC) Battery Storage, approved in May 2021, which aims to establish 50 GWh of domestic manufacturing capacity. With this signing, a cumulative 40 GWh capacity has now been allocated to four beneficiary firms. The first round of bidding in March 2022 had awarded 30 GWh to three firms, with Programme Agreements signed in July 2022. Senior MHI officials highlighted that the PLI ACC Scheme is designed to enhance local value addition while keeping India's battery manufacturing costs globally competitive. The scheme allows beneficiaries the flexibility to adopt the most suitable technologies and inputs to establish state-of-the-art ACC manufacturing facilities, supporting India's growing EV and renewable energy storage sectors. Complementing the PLI initiative, the Union Budget for FY 2025-26 introduced key measures to accelerate domestic battery manufacturing. These include exempting 35 additional capital goods used in EV battery production from Basic Customs Duty (BCD), a move aimed at bolstering lithium-ion battery production in India. The Budget’s broader push for strengthening domestic manufacturing and value addition reinforces the government's vision of a self-reliant battery ecosystem. The Ministry of Heavy Industries remains committed to fostering innovation, strengthening domestic supply chains, and attracting Foreign Direct Investment (FDI) to build a sustainable battery manufacturing sector. The government's efforts have already spurred investment, with over 10 companies setting up more than 100 GWh of additional cell manufacturing capacity beyond the PLI beneficiaries. (PIB)

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Infrastructure Urban

06 Nov 2025

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Infrastructure Transport

06 Nov 2025

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..