Around 20 companies show interest in 50 GWh battery cell tender under PLI Scheme

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The pre-bid conference for the 50 GWh battery storage tender under the production-linked incentive (PLI) scheme saw the participation of around 20 prospective bidders. The conference was organized by India’s ministry of heavy industries to discuss and address the bidders’ queries.

Last month, the Ministry of Heavy Industries had invited bids to develop a cumulative 50 GWh of advanced-chemistry battery cell manufacturing units in India under its production-linked incentive scheme with an outlay of INR18,100 crore. The selected bidders would be supported with fiscal benefits in the form of a cash subsidy for production.

To be eligible for the government subsidy, the bidder would have to commit to setting up an advance-chemistry cell manufacturing facility between 5 GWh and 20 GWh capacity within five years from the date of appointment. Further, it must commit to a value-addition of a minimum 25% within two years from the appointed date and a minimum of 60% within five years from the appointed date, at the mother unit level in case of an integrated unit, or the project level through indigenous manufacturers, in a hub and spoke structure. 

The pre-bid conference received wide participation and interest from bidders both in person and virtually with around 100 participants from about 20 companies.

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