Land acquisition completed for 40 GWh battery manufacturing capacity under India's PLI-ACC scheme

Land acquisition has been finalized for 40 GWh of advanced chemistry cell (ACC) manufacturing capacity awarded under India's production-linked incentive (PLI) scheme. The Ministry of Heavy Industries announced this milestone, which is part of a broader INR 18,100 crore scheme aiming to establish 50 GWh of domestic ACC manufacturing. Of the total awarded capacity, Rajesh Exports secured 5 GWh, Ola Electric 20 GWh, and Reliance New Energy 15 GWh. While land acquisition is complete for this capacity, only 1 GWh has been commissioned to date by Ola Electric.

Counterparts (4)

government

Ministry of Heavy Industries

company

The Ministry of Heavy Industries is a government body in India focused on promoting the engineering industry, including machine tools, heavy electricals, industrial machinery, and the automotive sector. It oversees 29 operating Central Public Sector Enterprises (CPSEs) and aims to make these sectors globally competitive and contribute to economic growth and employment.

Developer

R

Rajesh Exports

company

Reliance New Energy

company

Reliance Industries Limited is India's largest private sector corporation, with a diversified business portfolio spanning energy, petrochemicals, retail, digital services, and new energy. The company is committed to achieving net-zero carbon emissions by 2035 and is building a comprehensive ecosystem for new energy and new materials, focusing on hydrogen, wind, solar, fuel cells, and batteries.

Ola Electric

company

India's largest electric two-wheeler manufacturer by sales volume, Ola Electric designs and produces EVs and develops a proprietary charging network across the Indian subcontinent, aiming to electrify personal mobility.