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RIL Arm, Ola Electric to Build Batteries After Signing Agreement Under Government’s PLI Scheme

  • Three selected bidders, including Reliance New Energy and Ola Electric, have signed agreements under the Rs 18,100 crore production linked incentive (PLI) scheme for advanced chemistry cell battery storage, the government said.
  • Private players are expected to create a battery manufacturing capacity of 95 GWh in addition to the capacities allocated under the PLI programme by the Heavy Industry Ministry.