Rajesh Exports has been selected by the Govt. of India as one among the three successful participants in the Rs. 18,100 crore PLI Scheme for production of advanced chemistry cells. As per the requirement of the PLI Scheme Rajesh Exports has incorporated a 100% subsidiary in the name of ACC Energy Storage, for execution of the project for manufacture of advanced chemistry lithium ion cells for manufacture of lithium ion batteries.
The tripartite agreement has been executed wherein the Ministry of Heavy Industries, Govt. of India has assured of all the required support for setting up of 5 GWhr giga factory. The Department of Industries and Commerce, Government of Karnataka has also assured all the required support and tailor made incentive package for setting up the Giga factory and ACC Energy Storage has undertaken to execute the project within the required time limit.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app