Author
Uma Gupta
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Articles written by Uma Gupta
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Indian battery developer Reliance NU BESS barred from tenders for three years over fake documents
The move was taken after the Solar Energy Corporation of India (SECI) determined financial guarantees given in a tender, and business decisions, were actually being taken by parent company Reliance Power.
India’s expanding battery ecosystem presents $42bn investment opportunity
An SBI Capital Markets (SBICAPS) report says funding of the battery energy storage industry in India presents an INR 3.5 trillion ($41.6 billion) opportunity through March 2032, with INR 800 billion medium-term investment potential provided by planned cell manufacturing capacity.
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