By Aditi Shah
NEWDELHI – Reliance Industries and Softbank Group-backed Ola Electrical have gained bids to obtain incentives beneath India’s $2.4 billion battery programme, 4 sources informed Reuters.
The Indian authorities final yr finalised a programme to incentivise corporations to make battery cells regionally because it appears to be like to ascertain a home provide chain for clear transport and renewable vitality storage to fulfill its decarbonisation targets.
Ten corporations submitted bids totalling about 130 gigawatt hours (Gwh), of which 4 have gained, the sources mentioned.
Reliance and Ola didn't instantly reply to requests for remark.
(The story is refiled to repair the corporate brand)
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