Current Affairs - Business - Discussion

Reliance New Energy Battery Limited, a subsidiary of Reliance Industries, secured a 10 GWh capacity under India’s PLI ACC Scheme, which aims to enhance domestic battery manufacturing and reduce import dependence. This allocation is part of India's broader push for self-reliance in advanced battery technologies, which are crucial for the electric vehicle and renewable energy sectors. The move strengthens Reliance's position in the battery manufacturing sector and aligns with its clean energy investments, helping the company play a significant role in India's electric mobility and renewable energy growth.