Business Standard

Govt mulling fresh bid for one vacant slot in advanced cell PLI

Sources say that the plan is to provide incentives, especially in R&D, of up to a total of 5GWH of capacity


The others in the wait list included Exide Batteries, Larsen & Toubro, Amara Raja Batteries and India Power Corporation Ltd

Surajeet Das Gupta New Delhi
The government is considering the option of inviting fresh applications to bid for the fourth slot which fell vacant after one of the initial candidates who qualified, Hyundai Global Motors, exited from the production linked incentive (PLI) scheme for advanced chemistry cell battery storage with a capacity of 20 GWH.

Earlier, stakeholders had expected that the vacant slot would be offered to waitlisted players ranked on their technical and financial offer. A final decision will be taken by soon.  

The government had originally declared Hyundai Global Motors as one of the four eligible players out of the nine who applied

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First Published: Feb 22 2023 | 8:16 PM IST

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