BusinessThursday, November 12, 20261 min read

22 firms chase 10 GWh battery prize under PLI

By Economic Times · Published by Everything Blog

In short

The tender utilizes a two-stage Quality and Cost-Based Selection process to award 10 gigawatt-hours of Advanced Chemistry Cell manufacturing capacity. Following a Request for Proposal released in July, final bid submissions officially closed on November 10, with technical bids opened the following day. Entrants include major clean energy players such as ACME Solar Holdings, JSW Neo Energy, and Renew Photovoltaics. This capacity constitutes the final tranche of the broader ₹18,100 crore Production Linked Incentive program.

Key points

The ongoing tender represents the final tranche under the ₹18,100 crore National Programm…: The ongoing tender represents the final tranche under the ₹18,100 crore National Programme on ACC Battery Storage.
A total of 40 gigawatt-hours has already been awarded to beneficiary firms across two pri…: A total of 40 gigawatt-hours has already been awarded to beneficiary firms across two prior bidding rounds.
Selected manufacturers will help achieve the central government's cumulative target of es…: Selected manufacturers will help achieve the central government's cumulative target of establishing 50 gigawatt-hours of domestic capacity.

Sources checked by our analysis pipeline: 1

The bids were received by the Ministry of Heavy Industries (MHI) under a global tender for setting up giga-scale ACC manufacturing facilities in the country. This step will further push India's quest to expand its domestic battery manufacturing capabilities. The bidding is being conducted online through a transparent two-stage Quality and Cost-Based Selection (QCBS) mechanism, the ministry said in an official statement on Thursday.

The 10 GWh capacity earmarked for Grid-Scale Stationary Storage (GSSS) applications forms part of the overall targeted 50 GWh ACC manufacturing capacity under the National Programme on Advanced Chemistry Cell (ACC) Battery Storage.

Also Read | Centre bans export of Li-ion battery waste, scrap to boost domestic recycling and critical mineral recovery

Other bidders include ACME Solar Holdings, Avaada Electro, Fujiyama Power Systems, JSW Neo Energy, Megha Engineering and Infrastructures, Waaree Energy Storage Solutions, Godawari New Energy, Renew Photovoltaics and Sun Drops Energia.

The list of bidders also includes GK Energy, JPM Energy Solutions, Lineage Power, Mahendra Sponge and Power, Nsure Reliable Power Solutions, Sai Bioenergy, Shirdi Sai Electricals and Utex New Energy, among others.

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Key Points

The ongoing tender represents the final tranche under the ₹18,100 crore National Programm…: The ongoing tender represents the final tranche under the ₹18,100 crore National Programme on ACC Battery Storage.
A total of 40 gigawatt-hours has already been awarded to beneficiary firms across two pri…: A total of 40 gigawatt-hours has already been awarded to beneficiary firms across two prior bidding rounds.
Selected manufacturers will help achieve the central government's cumulative target of es…: Selected manufacturers will help achieve the central government's cumulative target of establishing 50 gigawatt-hours of domestic capacity.

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AI Analysis

Tone

Neutral

In short

Key Points

The ongoing tender represents the final tranche under the ₹18,100 crore National Programm…: The ongoing tender represents the final tranche under the ₹18,100 crore National Programme on ACC Battery Storage.
A total of 40 gigawatt-hours has already been awarded to beneficiary firms across two pri…: A total of 40 gigawatt-hours has already been awarded to beneficiary firms across two prior bidding rounds.
Selected manufacturers will help achieve the central government's cumulative target of es…: Selected manufacturers will help achieve the central government's cumulative target of establishing 50 gigawatt-hours of domestic capacity.

Topics

Business

Was this summary useful?

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22 firms chase 10 GWh battery prize under PLI

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