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Recently, MHI Signed an Agreement with RNEBL for 10 GWh ACC Batteries Under the PLI Scheme.

Economy Business | Dated: 20 Feb 2025

In February 2025, the Ministry of Heavy Industries (MHI) signed a Programme Agreement (PA) with Mumbai-based Reliance New Energy Battery Limited (RNEBL), a subsidiary of Reliance Industries Limited (RIL), under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC).

🎯 Key Highlights:

  • - This agreement grants Reliance New Energy Battery a 10 GigaWatt hour (GWh) ACC manufacturing capacity, making it eligible for incentives under India's Rs.18,100 crore PLI ACC scheme.

💡 Other Important Facts:

  • (i) The signing marks a critical milestone in the implementation of the technology PLI Scheme under the "National Programme on ACC Battery Storage," approved by the Union Cabinet in May 2021, with a total outlay of Rs.18,100 crore to achieve a total manufacturing capacity of 50 GWh.
  • (ii) Under the agreement, a cumulative capacity of 40 GWh has been awarded to 4 selected beneficiary firms out of the targeted 50 GWh.

📚 Test Your Knowledge:

Recently, the agreement signed between MHI and RNEBL is for the production of how many GWh of ACC batteries?

Correct Answer: 10 GWh

🚀 Quick Recap: