MHI receives Seven bids against Global Tender of PLI ACC Scheme
PLI ACC Scheme promotes the manufacturing of technology in-lieu of Advanced Chemistry Cells in India
New Delhi: Ministry of Heavy Industries has received bids from seven bidders under global tender for the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing announced on 24th January 2024. The pre-bid meeting was held on 12th February 2024. The last date for receiving applications was 22nd April 2024 on the CPP portal and the Technical Bids opened on 23rd April 2024.
In May 2021, the Cabinet approved the technology-agnostic PLI Scheme on 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving a manufacturing capacity of Fifty (50) Giga Watt hours (GWh) of ACC with an outlay of Rs.18,100 Crore.
Read Also : GAIL organized 'Kanthasth 2.0' Hindi workshop
The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of Thirty (30) giga-watt hours (GWh), and the program agreement with selected beneficiary firms was signed in July 2022.
Read Also : Kotak Mahindra Bank Standalone PAT for FY24 Rs 13,782 crore, up 26% YoYFurther, MHI, Government of India had released a Request for Proposal on 24th January 2024 for Shortlisting and Selection of bidders under the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for setting up of ACC Manufacturing Units with a total manufacturing capacity of 10 Giga Watt Hour (GWh) with a maximum budgetary outlay of Rs. 3,620 crore.
Read Also : IDBI Bank Limited Financial Results for Q4 FY 2024, reports 55% rise in profits on YoY basisNews Must Read
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong
- DMRC Celebrates 30th Foundation Day at Bharat Mandapam
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains