Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The Ministry of Heavy Industries (MHI) held a pre-bid meeting at IFCI Limited in New Delhi, kicking off the second round of the Production Linked Incentive (PLI) initiative to increase India's Advanced Chemistry Cells (ACC) manufacture by 10 GWh.
The meeting was attended by industry players and government entities such as NITI Aayog, Ministry of Power, MNRE, and the industry group IESA, and it marked a step towards increasing India's ACC manufacturing capability.
The event was intended to prepare for a global tender to develop giga-scale ACC manufacturing facilities in India, emphasising technology-agnostic ACCs. The Ministry described the global tender's scope, objectives, technical requirements, eligibility criteria, and evaluation process, with a deadline of March 4, 2024, for bidder queries.
Union minister of heavy industries Dr. Mahendra Nath Pandey, emphasized the PLI ACC scheme's role in advancing India as a leader in sustainable energy technologies, in line with Prime Minister Narendra Modi's vision of a self-reliant India.
The tender documents have been available since January 24, 2024, with the bid due date on April 22, 2024, and bids opening on April 23, 2024. The ministry highlighted the online, transparent two-stage bidding process under the Quality and Cost undefined Selection (QCBS) framework through the CPP Portal, aimed at attracting global talent to India's ACC manufacturing sector.
Also Read : Central Government sets royalty rates for strategic minerals to boost domestic production Two new coal mines begin production in January 2024
Iron ore futures took a hit as rising shipments and new steel levies in China weighed on market sent...
China 25-Feb-2025
India and Australia are looking into methods to strengthen cooperation in vital minerals and process...
Business 01-Jul-2024
China's Commerce Ministry announced on Thursday that, as of July 1, exports of technology and equipm...
China 30-May-2024
CM Sai will pitch Chhattisgarh’s pro-industry policies at India Steel 2025. State to focus on...
Business 22-Apr-2025
Zinc prices dropped 1.04% to ₹222.85 per kilogram in the futures trade as speculators reduced their...
Non-Ferrous 09-Feb-2024
✅ India faces risks of steel and aluminium dumping due to US tariff changes.✅ Industry calls for p...
Business 04-Apr-2025