RIL Subsidiary Wins PLI Order for 10 GWh Battery Cell Capacity

Reliance Industries share price were active in trade on February 18, 2025. The stock initially fell 0.6% to a low of ₹1,216.4 per share but later rebounded after the government announced an agreement with Reliance New Energy Battery Ltd, a subsidiary of RIL, for advanced chemistry cell (ACC) battery manufacturing. The stock recovered 1.1% from its low, reaching an intraday high of ₹1,229.95 before trading at ₹1,225.9 on the BSE, up 0.09% at 12:40 PM. Meanwhile, the BSE Sensex was down 155 points (0.20%).

PLI Agreement for Battery Manufacturing

The Ministry of Heavy Industries (MHI) signed a Programme Agreement with Reliance New Energy Battery Ltd under the Production Linked Incentive (PLI) scheme for ACC batteries. The agreement grants RIL a 10 GWh ACC battery capacity, making it eligible for incentives under India’s ₹18,100 crore PLI ACC scheme.

Government’s Battery Storage Initiative

This initiative is part of the ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’, approved by the government in May 2021. The scheme aims to establish a total battery manufacturing capacity of 50 GWh, and with RIL’s allocation, the cumulative capacity awarded has now reached 40 GWh. Earlier, in March 2022, three other companies were awarded a total of 30 GWh.

RIL’s New Energy Investments

Reliance New Energy Battery Ltd operates under RIL’s New Energy vertical, which focuses on decarbonisation and achieving net-zero carbon emissions by 2035. So far, the company has invested ₹6,700 crore in acquisitions and infrastructure to develop a scalable energy ecosystem.

Budget 2025 Boost for EV Battery Manufacturing

During the Union Budget for FY 2025-26, Finance Minister Nirmala Sitharaman announced that the government will exempt 35 additional capital goods for EV battery production from Basic Customs Duty (BCD) to promote domestic manufacturing of lithium-ion batteries. (suggest a catchy title and a summary within 180 characters)

About Reliance Industries Limited

Reliance Industries Limited, based in Mumbai, Maharashtra, is an Indian multinational conglomerate engaged in energy, petrochemicals, natural gas, retail, entertainment, telecom, mass media, and textiles.

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