The Ministry of Heavy Industries is considering removing Rajesh Exports from the ACC battery storage PLI scheme, as reported by PTI, with a decision expected soon.
A final decision on the matter will be taken in the coming days
Jun 08, 2026
01:09 pm
What's the storyThe Ministry of Heavy Industries (MHI) is considering removing Rajesh Exports from its production-linked incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage.
The move comes after SEBI issued a damning interim order against the Bengaluru-based company over alleged financial fraud.
Rajesh Exports may be removed from the PLI scheme amid allegations of financial fraud, with a decision expected soon.
Rajesh Exports faces potential removal from a government battery production incentive scheme. The corporate affairs ministry is…
Chairman Rajesh Mehta says there was “zero diversion of funds” and the company is ready to clarify the transactions.
Shares of Rajesh Exports have plummeted nearly 27% since Sebi's June 3 interim order, hitting the lower circuit for six…
In a bold move to reshape the electronics industry, India is enhancing its mobile phone production incentives with a focus on…
Rajesh Exports denies SEBI's financial misreporting charges as stock drops 5% following the interim order announcement.
