Announced Tue, 14 Jul · 16:03 IST
Receipt of final tranche of Investment Promotion Assistance subsidy from MP government
Business Updates View source PDF
RAJRATAN · price
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Price reaction · full curve 14 horizons · vs prior close
+4.4%1-day move
₹478.00
prior close
₹477.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.3-0.1-1.0+4.4+1.5+1.5+6.0+3.4+1.0————
Up moveDown movePending
AI summary
Rajratan Global Wire has received the last tranche of Rs. 3.27 Crore as Investment Promotion Assistance from MP Industrial Development Corporation, a Government of Madhya Pradesh undertaking, under the Madhya Pradesh Nivesh Protsahayan Yojana, 2014. The total sanctioned amount was Rs. 22.92 Crores spread over 7 years, with Rs. 3.27 Crores disbursed each year. This final receipt marks the completion of the subsidy scheme.
Likely market impact
Positive cash inflow of Rs. 3.27 Crore; completes 7-year state government subsidy, supporting margins and capex recovery.