Centre receives 4 bids for ACC PLI scheme; RIL, Amara Raja, JSW Neo among bidders

Ministry of Heavy Industries (MHI) has received seven bids under the Production Linked Incentives (PLI) scheme for 10 GWh (gigawatt-hour) Advanced Chemistry Cell (ACC) manufacturing. A press statement issued by the Government said the industry response has been overwhelming as bids received is seven times the manufacturing capacity that is to be awarded.

The list of bidders to the tender are Amara Raja Advanced Cell Tech, Reliance Industries, JSW Neo Energy, Lucas TVS, Waaree Energies, ACME Cleantech Solutions and Anvi Power Industries, bidding for a cumulative capacity of 70 GWh.

Back in January, MHI had released Request for Proposal (RfP) for shortlisting and selection of bidders under the PLI Scheme to set up ACC Manufacturing Units. The total manufacturing capacity under the PLI scheme was proposed at 10 Giga Watt Hour (GWh) with a budgetary outlay of Rs 3,620 crore.

Advanced Chemistry Cells (ACCs) refer to high-capacity and high-efficiency electrochemical energy storage cells used in various applications, primarily where battery storage is crucial.  Some of the primary uses of Advanced Chemistry Cells include electric vehicles, renewable energy storage, consumer electronics, power backup etc.