Subsidiary receives Rajasthan incentives for Jaipur solar module plant
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Wholly owned subsidiary Insolation Green Energy received Rajasthan incentives for its Jaipur solar module plant. Eligible fixed capital investment is Rs. 179.12 crore, with a maximum turnover-linked incentive of about Rs. 223.90 crore over nine years, subject to scheme terms. Full electricity duty exemption is expected to save over Rs. 1 crore yearly. The company is also seeking about Rs. 185 crore for expansion phase two, pending approval.
Positive for margins and cash flow, but benefits are conditional, phased over years and depend on approvals, eligible turnover and compliance.