New Delhi, Feb. 18 -- A unit of Reliance Industries Ltd has signed an agreement with the ministry of heavy industries for production-linked incentives of up to Rs.3,620 crore for manufacturing advanced chemical cells.

The agreement awarded Reliance New Energy Battery Ltd a 10 GWh (gigawatt-hours) of advanced chemical cells (ACC) capacity and made it eligible to receive incentives under the Rs.18,100-crore PLI scheme, the ministry said in a statement on Tuesday.

Advanced chemistry cells are new-generation technologies that can store electric energy as electrochemical or chemical energy and convert it back to electric energy when required. The PLI scheme is expected to strengthen the ecosystem for electric mobility and battery storage in ...