Reliance New Energy Battery Limited and the Ministry of Heavy Industries have inked a program agreement for the production of innovative battery cells.
Reliance has been granted a 10 gigawatt-hour (GWh) capacity under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage as a result of the deal. Reliance has now qualified for incentives under the ₹18,100 crore plan thanks to this allocation. It was not made clear how much in subsidies the company is eligible to receive.
The deal follows the Union Budget for FY2025–2026 that exempted 35 more capital products from Basic Customs Duty for the production of EV batteries. The goal of these actions is to increase domestic production capacity for lithium-ion batteries.
The program is a component of India’s larger plan to build a strong domestic supply chain in the quickly expanding energy storage industry while lowering reliance on foreign battery cells.
An important investment in India’s energy future is the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage. The initiative fills important gaps in indigenous battery production capacity with a budget of ₹18,100 crore.
The program seeks to strengthen local knowledge of cutting-edge battery technology while reducing reliance on imports by providing incentives for production. This independence is especially important as the demand for lithium-ion batteries rises globally due to the use of electric vehicles and the integration of renewable energy sources.