Four firms selected for Rs 18,000 crore PLI scheme for ACC battery

Four companies have been selected to receive incentives under the government's Rs 18,100 crore PLI scheme for Advanced Chemistry Cell (ACC) battery storage, the government said


Four companies including Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Hyundai Global Motors Company Limited and Rajesh Exports Limited, have been selected to receive incentives under the government's Rs 18,100 crore Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Thursday.

Commenting on the PLI Scheme for ACC Battery Storage, Union Minister for Heavy Industries Mahendra Nath Pandey said, "Increase in demand for...read more

Comments

Post a Comment

Popular posts from this blog

Lumax Industries moves Delhi HC over trademark infringement dispute

Image
  Lumax Industries Ltd has filed a suit in Delhi High Court seeking to restrain Hindustan Auto Industries Ltd in relation to a dispute on purported trademark infringement and device marks. Lumax Industries Ltd has filed a suit in Delhi High Court seeking to restrain Hindustan Auto Industries Ltd in relation to a dispute on purported trademark infringement and device marks. The dispute is already pending before a trial court, stated the petitioner Lumax. Justice Jyoti Singh, while allowing the petition on Monday, clarified that the court has not expressed any opinion on the merits of the case and the... read more
Read more

Sugar mills again allege OMCs differentiating in ethanol purchase tie-ups

Image
The OMCs, on their part, according to earlier reports, said that there is no preference in awarding contracts for supply of ethanol The sugar industry has once again alleged that Oil Marketing Companies (OMCs) are hesitating in entering into long-term ethanol purchase contracts with established sugar firms and those who do not become part of the concessional loan scheme of the Central government. The millers, in a letter written few days back to the Union food and petroleum secretaries said that unless OMCs alter their purchase plans, the significant investments put in by sugar companies in... read more
Read more

Paytm tanks 14% hits new low post RBI curbs on Payments Bank

Image
Paytm has clarified stating the RBI ban does not impact on the services provided in partnership with other financial institutions. Shares of One97 Communications, the parent company of digital payments major Paytm, tanked nearly 14 per cent to hit a new low of Rs 672 on the BSE in Monday’s intra-day trade after the Reserve Bank of India (RBI) barred Paytm Payments Bank (PPBL) from onboarding new customers with immediate effect because of certain supervisory concerns. The stock feel below its previous low of Rs 728.50 touched on March 8, 2022. The stock has now declined 69 per cent when compared with its issue price of Rs 2,150. The company made its market debut on... read more
Read more