
Global bond yields surge to multi-year highs as inflation, borrowing concerns mount
By Katherine Langford
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ANI The Centre's production-linked incentive (PLI) scheme for 10 GWh of advanced chemistry cell (ACC) manufacturing capacity has attracted bids from 22 companies, including Reliance Industries Ltd (RIL), Vikram Solar , Amara Raja Advanced Cell Technologies and Exide Energy Solutions. 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. Live Events 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. The Request for Proposal (RFP) was floated on the Central Public Procurement (CPP) Portal on July 15, 2026, while the pre-bid conference was held on July 29. The last date for submission of bids was November 10, and the technical bids were opened on November 11 in the presence of bidders at the Ministry of Heavy Industries. Also Read | India announces $1.5-billion scheme to add 92 GWh energy storage capacity 50 GWh ACC manufacturing target The government approved the PLI scheme for the National Programme on Advanced Chemistry Cell (ACC) Battery Storage in May 2021, with a total budgetary outlay of ₹18,100 crore to achieve 50 GWh of ACC manufacturing capacity in the country. Of the targeted 50 GWh capacity, 40 GWh has already been awarded to beneficiary firms in two rounds, according to an earlier government disclosure. The scheme aims to enhance domestic ACC manufacturing capabilities and encourage large domestic and international players to establish a globally competitive battery manufacturing ecosystem in India. Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on Advanced Chemistry Cell Battery Manufacturing Reliance Industries Domestic Battery Production Amara Raja Advanced Cell Technologies National Programme on ACC Battery Storage acme solar holdings fujiyama power systems (Catch all the Business News , Breaking News and Latest News Updates on The Economic Times .) Subscribe to The Economic Times Prime and read the ET ePaper online. ... more less (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on Advanced Chemistry Cell Battery Manufacturing Reliance Industries Domestic Battery Production Amara Raja Advanced Cell Technologies National Programme on ACC Battery Storage acme solar holdings fujiyama power systems (Catch all the Business News , Breaking News and Latest News Updates on The Economic Times .) Subscribe to The Economic Times Prime and read the ET ePaper online. ... more less