Acutaas gets govt ECMS incentive approval for Electrolyte Additives unit
ACUTAAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Acutaas Chemicals received approval from MeitY (via Engineers India Ltd as PMA) for the incentive package under the Electronics Components Manufacturing Scheme (ECMS) for its Electrolyte Additives plant at Jhagadia, Gujarat. Total project investment is Rs. 256.47 crores, of which Rs. 119.12 crores is eligible. The company can get up to 25 percent incentive on eligible investment over 5 years till FY 2030-31, potentially worth about Rs. 29.78 crores.
Positive - potential incentive of up to Rs 29.78 crores over 5 years improves economics of the Rs 256 cr Electrolyte Additives project.