Govt may drop Rajesh Exports from battery PLI scheme: Report

The Ministry of Heavy Industries is likely to decide on removing Rajesh Exports from the beneficiaries' list under the advanced chemistry cell (ACC) battery storage PLI scheme, PTI reported. The move follows SEBI's interim order alleging financial irregularities at the company. The regulator said Rajesh Exports inflated revenue by ₹15.15 lakh crore between FY21 and FY25.