acc

Govt invites bids for setting up ACC units under PLI scheme for battery storage

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Govt invites bids for setting up ACC units under PLI scheme for battery storage

The Centre on Wednesday announced re-bidding under a PLI scheme for Advanced Chemistry Cells (ACC) to select bidders to set up mega battery manufacturing facilities of 10 GWh capacity with a budgetary outlay of Rs 3,620 crore. Documents for the global tender are available online from Wednesday. The bid due date is April 22, 2024 … Read more

Cement stocks rally up to 5%. What’s behind the strength?

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Cement stocks rally up to 5%. What’s behind the strength?

Shares of cement stocks on Wednesday rallied up to 5% after Japanese broking firm Nomura upgraded four of them and raised their target prices. Stating that the cement momentum will continue in India, Nomura has upgraded Ultratech to buy from neutral with a target price of Rs 11,500. Dalmia Bharat’s target has been raised to … Read more