Reliance Industries has been awarded 10 GWh Advanced Chemistry Cell (ACC) capacity under Production Linked Incentive (PLI) scheme based on Quality and Cost Based Selection (QCBS) mechanism. This initiative is another step towards enhancing domestic manufacturing capacity, reducing import dependence, and positioning India as a global leader in ACC battery manufacturing.
The Union Ministry of Heavy Industries (MHI) of India declared Reliance Industries as the successful bidder under the Production Linked Incentive Scheme for ACC Battery Storage. MHI had received bids from seven bidders under global tender for there-bidding of Production Linked Incentives for 10 GWh Advanced Chemistry Cell manufacturing with maximum budgetary outlay of Rs 3,620 crore, announced on January 24, 2024.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: