Ola Electric, Rajesh Exports, and Reliance Industries, beneficiaries of the ₹18,100 crore Battery PLI scheme, missed the December 2024 deadline for Advanced Chemistry Cell manufacturing. This delay may trigger daily penalties—₹12.5 lakh for Ola and ₹5 lakh for the others. All three firms have requested deadline extensions and penalty waivers from the Ministry of Heavy Industries.
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