Ann: BHEL and LIBCOIN plan to build India's first gigafactory, page-18

India aspires for energy independence after proposing first lithium-ion battery plant
https://smallcaps.com.au/india-energy-independence-proposes-first-lithium-ion-battery-plant/

"India’s move to build its own lithium-ion battery plant will help the country meet its ambitions of having at least 15 percent of vehicles on its roads be electric within the next five years."

Article explains it a little bit better than the press release. This is the start of a proposal for a consortium. I can find no mention of Libcoin anywhere until now.