Centre receives seven bids to set up giga-scale battery manufacturing facilities; RIL, JSW Neo among bidders

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The Ministry of Heavy Electricals on Tuesday said that it has received seven bids under global tender for the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing.

These incentives will support manufacturing of Electric Vehicle (EV) batteries.

The bidders include ACME Cleantech Solutions Private Limited, Amara Raja Advanced Cell Technologies Private Limited, Anvi Power Industries Private Limited, JSW Neo Energy Limited, Reliance Industries Limited, Lucas TVS Limited, and Waaree Energies Limited.

It is to be noted that they have submitted applications for cumulative capacity of 70 GWh.

The request for bidders for National Programme on ACC Battery Storage PLI Scheme was announced on January 2024 with a maximum budgetary outlay of Rs 3,620 crore.

On February 12, 2024, there was a pre-bid meeting held by the government. Applications were to be submitted by April 22, 2024, on the CPP portal and on April 23, 2024, the technical bids were opened.

In 2022, the centre awarded PLI support for setting up 30 GWh of ACC battery manufacturing capacity by 2030. Ola Cell Technologies won the lion's share with 20 GWh capacity in their kitty. ACC Energy Storage (bid as Rajesh Exports) and Reliance New Energy Battery Storage were awarded incentives for 5 GWh each.

The 20 GWh PLI capacity being rebid was initially allocated to Hyundai Global Motors, a company said to be impersonating South Korean firm Hyundai Motor Co.