RIL, Amara Raja, Exide, among 22 companies to bid for 10 GWh battery storage capacity PLI
BusinessLine 4 hrs ago·12 Nov 2026, 1:53 pm
Reliance Industries has joined a competitive bidding process to secure a significant portion of India's 10 GWh battery storage capacity under the government's Production Linked Incentive (PLI) scheme. This initiative aims to boost domestic manufacturing of energy storage systems to support the country's growing renewable energy infrastructure. The move aligns with Reliance's broader strategy to expand its footprint in the green energy sector, which includes its ambitious 'Net Zero' goals and investments in solar and battery technologies.
For investors, this development signals Reliance's commitment to diversifying beyond its traditional oil and gas business. Securing a PLI order can enhance the company's manufacturing capabilities and create a new revenue stream. The competition among major players like Amara Raja, Exide, and Avaada Electro suggests a high demand for these incentives, which could drive innovation and scale in the domestic battery market.
Investors should monitor the outcome of the bidding process and the eventual allocation of capacity. The scale of the order and the timeline for implementation will be key factors to watch. Additionally, keeping an eye on how Reliance integrates these storage solutions with its existing energy ventures will provide insights into the long-term potential of this strategic move.
Excerpt from BusinessLine
Other bidders include Avaada Electro, Fujiyama Power Systems, Megha Engineering and Infrastructures, Waaree Energy Storage Solutions, Godawari New Energy, Renew Photovoltaics and Sun Drops Energia The Ministry of Heavy Industries (MHI) on Thursday said it has received 22 bids for 10 GWh of advanced chemistry cell…Read the original at BusinessLine
Affected stocks
Bullish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Reliance Industries (RELIANCE).
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
- Also mentions UTLSOLAR.
Why it matters
This is a high-impact development for Reliance Industries and could move the stock. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
