JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
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 : Supreme Court orders status quo on Bhushan Power liquidation, allows JSW Steel to file review Gadkari inaugurates and lays foundation stones of 28 National Highway projects worth ₹6,600 cr in Odisha
Zinc prices slipped in global commodity markets after reports emerged that the European Union (EU) i...
Europe 29-Sep-2025
Vibhor Steel Starts Odisha Plant, Targets Margin Growth Vibhor Steel Tubes Ltd has commenced produc...
India 28-Aug-2025
NINL reports ₹1,000 Cr EBITDA in FY25. Q4 revenue up 25% YoY to ₹1,417 Cr. Operational turnaround...
Business 23-May-2025
To protect the domestic steel industry, the Indian government has proposed a 25% safeguard duty on c...
Taxation 24-Feb-2025
Commercial LPG rationing has started affecting steel units, dal mills, bakeries and packaged f...
Business 11-Mar-2026
The Steel Wire Manufacturers Association of India (SWMAI) held its 55th AGM in New Delhi, focusing o...
Construction 29-Dec-2025