REPLUS Receives INR 43 Crore Funding Under Government’s Flagship RDI Scheme
Reinforcing its commitment to indigenous innovation and next-generation energy storage technologies, REPLUS Engitech, a subsidiary of Bhilwara Energy, has been selected under the Government of India’s prestigious Research, Development, and Innovation Scheme (RDI Scheme). As part of this recognition, REPLUS has been awarded 43 crore to advance the development of innovative Battery Energy Storage System (BESS) technologies.
The funding will support the company’s efforts to drive cutting-edge research, strengthen indigenous technology capabilities, and contribute to India’s vision of building a self-reliant and globally competitive clean energy ecosystem. The flagship initiative, administered by the Department of Science and Technology (DST), Government of India, is designed to accelerate investments in India’s research, development, and innovation ecosystem.
Approved by the Union Cabinet, the Government of India’s RDI Scheme was launched to accelerate investment in research, development, and innovation across strategic sectors, with a total outlay of 1 lakh crore over six years. Managed through the Technology Development Board (TDB), the initiative supports technology-driven companies working on scalable and commercially viable innovations aligned with India’s long-term industrial and economic priorities.
Hiren Pravin Shah, Managing Director and CEO, REPLUS Engitech said, “India’s transition towards sustainable energy will require strong investments in innovation, advanced manufacturing and scalable energy storage solutions. The selection of REPLUS under the RDI Scheme reflects the growing importance of homegrown technology companies in supporting the nation’s long-term energy security and climate ambitions.”
Riju Jhunjhunwala, Vice Chairman of HEG Limited and Managing Director of Bhilwara Energy Limited (BEL) said, “Being selected under the Government of India’s prestigious RDI Fund is an honour and a proud moment for REPLUS. This recognition validates our commitment towards building advanced indigenous energy storage technologies that can support India’s long-term clean energy ambitions. We believe innovation-led manufacturing and scalable battery technologies will play a crucial role in enabling the country’s energy transition journey.
The RDI Scheme has been designed to support transformative technologies across sectors including energy transition, deep technology, artificial intelligence, biotechnology, digital economy, and climate action.
With India witnessing rapid growth in renewable energy deployment, electrification, and advanced manufacturing, REPLUS continues to focus on innovation-driven growth aimed at enabling reliable, efficient, and sustainable energy infrastructure solutions.
