LG Electronics India Limited has informed the Exchange regarding 'Addenda to Eligibility Certificate issued by the Government of Maharashtra under Electronics Policy and Entitlement to Incentive'.
LGEINDIA · price
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LG Electronics India has received an addenda to its eligibility certificate from the Government of Maharashtra, increasing its entitled incentives from INR 705.74 Crores to INR 881.86 Crores — a gain of INR 176.12 Crores. The incentives cover investments in fixed assets at the company's Ranjangaun, Pune facility between November 2017 and October 2025. The incentives include SGST refund, electricity duty exemption, stamp duty exemption, EPF employee contribution refund, power tariff subsidy, and property tax exemption. The total incentive period runs from May 2025 to April 2040 (15 years), with the annual limit raised from INR 47.04 Crores to INR 58.79 Crores. This is a follow-up to an earlier intimation dated January 17, 2026.
The increased government incentives will reduce the company's operating costs over the next 15 years, boosting long-term profitability. The INR 176 Crore uplift and higher annual cap of INR 58.79 Crores represent a meaningful positive for shareholders.