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Advance Cell Chemistry (ACC) – Reliance Industries emerges as PLI winner with 10 GWh capacity

ICICIdirect Research 06 Sep 2024 DISCLAIMER

Reliance Industries Ltd. (RIL) has been awarded a 10 GWh Advanced Chemistry Cell (ACC) battery storage capacity under the PLI scheme, with an incentive outlay of ~₹3,620 crore. There are 5 other players who are in the waitlist currently which includes Amara Raja as well.

This initiative is another step towards enhancing domestic manufacturing capacity, reducing import dependence, and positioning India as a global leader in ACC battery manufacturing.

With this awarding the ministry has awarded largely 40 GWh capacity with PLI incentives under ACC – PLI scheme which was envisaged with a total incentive support of ₹ 18,100 crore for 50 GWh capacity. The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of 30 Giga Watt hours (GWh).

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