Reliance Industries Ltd’s (RIL), Ola Electric and Rajesh Exports Limited have signed the Program Agreement under (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.These companies will receive incentives under India’s ₹18,100 crore program. In addition to the capacities allocated by the Ministry of Heavy Industries under the PLI Program, private players are expected to create battery manufacturing capacity to the tune of ~95 GWh.
