Reliance, Ola Electric, Rajesh Exports agree to build batteries in India

Reliance Industries, Softbank Group-backed Ola Electric and Indian jewellery maker Rajesh Exports on Friday signed final agreements to build battery cells under a $2.3 billion government incentive program. The companies were among four bidders selected by the government in March to build a total of 50 gigawatt hours of battery storage capacity under a production-linked incentive programme.

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