EPACK Durable gets AP govt incentives, 36.41 acres for Rs 314 Cr AC plant
EPACK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
Reduces capital costs for new AC and appliances facility in Andhra Pradesh through land allotment and 50 percent capital subsidy. Positive for expansion plans.