Reliance Bags 3620 crs Battery Investment Subsidy in PLI Scheme

· Seven bids were received against Global Tender for selection of bidders to set up giga-scale Advanced Chemistry Cell (ACC) manufacturing facilities of cumulative 10 GWh capacity under PLI ACC scheme

· JSW, Amara Raja on Waiting List

· The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of Thirty (30) Giga Watt hours (GWh), and the programme agreement with selected beneficiary firms were signed in July 2022.

[ABS News Service/05.09.2024]

The Ministry of Heavy Industries (MHI), Government of India has announced the selection of successful bidder under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.

Reliance Industries Limited has been awarded 10 GWh ACC capacity under Production Linked Incentive (PLI) scheme based on QCBS mechanism. This initiative is another step towards enhancing domestic manufacturing capacity, reducing import dependence, and positioning India as a global leader in ACC battery manufacturing.

Ministry of Heavy Industries (MHI) had received bids from seven bidders under global tender for there-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing with maximum budgetary outlay of Rs.3,620 crores, announced on 24th January 2024.

The list of bidders (in alphabetical order) who had submitted bids in response to this tender were ACME Cleantech Solutions Private Limited, Amara Raja Advanced Cell Technologies Private Limited, Anvi Power Industries Private Limited, JSW Neo Energy Limited, Lucas TVS Limited, Reliance Industries Limited, and Waaree Energies Limited for a cumulative capacity of 70 GWh.

All seven (7) bids were evaluated, and six (6) companies were shortlisted for financial evaluation as per the requirements under the RFP. Accordingly, the financial bids for the qualified bidders were opened on 2ndAugust, 2024, after announcement of the results of technical evaluation, under transparent global tender process of RFP through CPP portal of Govt. of India.

Final evaluation of the Shortlisted Bidders was carried out as per Quality & Cost Based Selection (QCBS) mechanism and the bidders were ranked based on their combined technical and financial scores. The Ministry has awarded the 10 GWh PLI ACC capacity to the shortlisted bidder with highest the overall score, i.e., Reliance Industries Limited, and the remaining five shortlisted bidders are put in the waiting list as per their rank, starting from Rank II onwards. Bidders who were waitlisted under the Program are: ACME Cleantech Solutions Private Limited (Waitlist 1), Amara Raja Advanced Cell Technologies Private Limited (Waitlist 2), Waaree Energies Limited (Waitlist 3), JSW Neo Energy Limited(Waitlist 4), and Lucas TVS Limited(Waitlist 5).

In May 2021, the Cabinet had approved the technology agnostic PLI Scheme on 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt hours (GWh) of ACC with an outlay of Rs.18,100 Crore. The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of Thirty (30) Giga Watt hours (GWh), and the programme agreement with selected beneficiary firms were signed in July 2022.