Announced Thu, 2 Jul · 15:03 IST
Borana Weaves gets PLI Scheme approval for Textiles
BORANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹310.50
prior close
₹313.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+1.4+0.9—+2.1-1.3+2.0-3.1-1.2-1.6+5.0———
Up moveDown movePending
AI summary
Borana Weaves has received approval from the Ministry of Textiles to participate in the PLI Scheme for Textiles Round 3. The company is inducted in the MMF Fabrics segment, Part-2 category. The approval is conditional and incentive disbursement will depend on meeting cumulative new domestic investment and turnover thresholds, as well as value addition criteria specified under the scheme guidelines.
Likely market impact
Positive for shareholders as PLI incentives could boost margins and growth if investment and turnover targets are met. Not a guaranteed cash inflow.