Yashhtej Industries gets Maharashtra nod for Rs 175 Cr soybean oil expansion

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AI summary

Yashhtej Industries received approval from the Maharashtra Government for its Rs 175 Crore expansion to manufacture soybean oil with 60,000 MT per annum capacity at Latur. The project got Large Scale Project status under the Package Scheme of Incentives 2019 and Agro and Food Processing Policy, offering 100% stamp duty exemption and Industrial Promotion Subsidy up to 100% of eligible investment or SGST over 10 years. Expected to create 65 jobs.

Likely market impact

Major capacity expansion with government incentives could boost long-term growth. Execution and compliance risks remain.