The Union Ministry of Heavy Industries (MHI) has signed a Programme Agreement with Reliance New Energy Battery Limited (RNBL) under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage. This agreement awards RNBL 10 GWh ACC battery capacity, making it eligible for incentives under India’s ₹18,100 crore PLI ACC scheme.
PLI-ACC Scheme Overview
- The National Programme on Advanced Chemistry Cell (ACC) Battery Storage, approved in May 2021, has a total outlay of ₹18,100 crore.
- The scheme aims to achieve a total 50 GWh battery manufacturing capacity.
- With RIL’s new agreement, the Centre’s cumulative allocated capacity now stands at 40 GWh.
- This landmark agreement under the PLI-ACC scheme represents a major step towards India’s clean energy transition, fostering sustainable development and energy self-reliance.
RNBL’s Role in the PLI-ACC Scheme:
- The PLI-ACC scheme supports the EV and renewable energy storage sectors.
- It enhances local value addition while ensuring battery manufacturing in India remains cost-competitive globally.
- Beneficiary companies have the flexibility to adopt cutting-edge technologies for manufacturing facilities.
Union Budget 2025-26 Measures for EV Battery Manufacturing:
- The Government of India (GoI) has exempted 35 additional capital goods for EV battery manufacturing from Basic Customs Duty (BCD).
- This move will further boost lithium-ion battery production in India.
Vision for a Self-Reliant Advanced Battery Ecosystem:
- The government is committed to strengthening domestic battery manufacturing, reinforcing value addition, and promoting self-reliance in advanced battery technologies.
- The Ministry of Heavy Industries is fostering innovation, building a robust supply chain, and attracting foreign direct investment (FDI) to drive sustainable growth.
What is Reliance New Energy Battery Ltd (RNBL)?
- RNBL is a subsidiary of Reliance Industries Limited (RIL) under its New Energy vertical.
- The company aims to achieve net carbon zero by 2035 through decarbonization and clean energy solutions.
- RNBL has already invested ₹6,700 crore, including acquisitions, to develop a scalable and integrated energy ecosystem.