New Delhi, Feb. 18 -- In a major step forward for India's advanced battery manufacturing sector, the Ministry of Heavy Industries (MHI), Government of India, signed a Programme Agreement with Reliance New Energy Battery Limited (a subsidiary of Reliance Industries Limited) under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC).

According to the Ministry of Heavy Industries, this agreement awards Reliance New Energy Battery Limited a 10 GWh ACC capacity, following a competitive global tender process and makes it eligible to receive incentives under India's Rs 18,100 crore PLI ACC scheme.

This signing is another critical milestone in the implementation of the technology agnostic PLI Scheme on the "National Pr...