RIL, ACME, JSW among 7 bidders for 10 GWh ACC PLI
₹18,100 crore. However, after initial allocation of the 50 GWh capacity, one of the selected applicants in the first round, Hyundai Global withdrew as the South Korean automobile major Hyundai Motor Company and its Indian arm Hyundai Motor India Ltd (HMIL) clarified that they had nothing to do with the company.
This left 20 GWh capacity unallocated. On 24 January, 2024, the ministry sought Requests for Proposal (RfP) for shortlisting bidders for setting up of ACC manufacturing units with a total capacity of 10 Giga Watt Hour (GWh) with a budgetary outlay of up to ₹3,620 crore.
Reliance Industries arm Reliance New Energy Ltd already is a beneficiary of the scheme with 5 GWh capacity won in the first round. The other successful bidders of the first round are Rajesh Exports Ltd and Ola Electric Mobility Pvt Ltd.
“The first round of the ACC PLI bidding was concluded in March 2022, and three beneficiary firms were allocated a total capacity of 30 GWh, and the programme agreement with selected beneficiary firms was signed in July 2022," said the ministry’s statement on Tuesday. The heavy industries ministry plans to allocate the remaining 10 GWh capacity for utility-scale battery manufacturing or battery energy storage systems.
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