Bharat Heavy Electricals (BHEL) and Libcoin are in talks to form a consortium to initially build a 1GWh lithium-ion battery plant in India. The plant's capacity will be scaled up to 30GWh in due course.
BHEL will be sending a team of senior officers for study of the facilities, R&D infrastructure and other techno-commercial issues soon. Based upon the evaluation and recommendations of the team, further process towards formation of joint venture will be carried forward. The project will bring energy independence by replacing oil imports with abundant renewable
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.