EPACK Durable gets AP govt incentives, 36.41 acres for Rs 314 Cr AC plant

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EPACK · price

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Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹233.72

prior close

₹235.40

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.2%+1.7% vs market

Household Appliances peers, median of 23sector+0.0%+1.8% vs sector

On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.8 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.2

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.8+0.2+1.7+0.0+1.8

Next day

+1.6+1.0+0.6+0.7+0.9

+2.2+0.7+1.5-0.1+2.4

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15d

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-26.6+3.1-29.6-12.3-14.3

UpDownMarket · Nifty Microcap 250Sector · Household Appliances peers, median of 23Pending

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AI summary

EPACK Durable received a Government Order from Andhra Pradesh approving a tailor-made incentive package under the AP Electronics Manufacturing Policy 4.0. Key benefits include allotment of 36.41 acres at Rs 60 lakh per acre, 50 percent capital subsidy on eligible fixed capital investment, and extension of incentives to past investments in Sri City. The facility will make air conditioners, components, and small domestic appliances. Company proposed investment is around Rs 314.31 crore, part of a combined Rs 1,084.31 crore investment with subsidiary EMTPL.

Likely market impact

Reduces capital costs for new AC and appliances facility in Andhra Pradesh through land allotment and 50 percent capital subsidy. Positive for expansion plans.