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Cell companies seek flexible terms on capacity under PLI plan

Companies manufacturing cells - a key component of batteries used in electric vehicles, consumer electronics and high-tech electricity grids - have asked the government to make flexible the minimum capacity required to be set up for availing of incentives under the ₹18,100 crore production linked incentive (PLI) scheme for advanced chemistry cells (ACC).
Pli Scheme Pli Plan

rec: For volatile markets: 5 largecap stocks from different sectors with upside potential of up to 31%

In the last one month nifty and sensex have corrected. But the sentiment has not corrected as the broader market is still in the control of bulls. But as they say volatility comes without any prior notice, so it would be better for oneself to be prepared and probably if one is thinking of taking exposure, staying with large caps might be a better idea. Coming on the list is a cement major and Auto ancillary company which has recently opened two dedicated plants for supplying part of electric veh...
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acc: Commercial production under PLI-ACC scheme to commence in current fiscal: Govt

The scheme aims to strengthen the ecosystem for Electric Mobility and Battery Storage in the country and aims to add to Atmanirbhar Bharat initiative. "In line with the scheme vision to ensure domestic value addition, the technology for the Advanced Chemistry Cells is being developed by all 3 beneficiaries, which is in advanced stages of development. The total investment till date by these beneficiary organisations has reached up to Rs 2,090 crore," the statement said.
Andhra Pradesh Tamil Nadu Atmanirbhar Bharat Reliance New Energy Battery Storage Reliance New Energy Reliance New Energy Battery Storage Ltd

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