Amber Enterprises India Ltd. & IL JIN Electronics India Pvt. Ltd. gets PLI nod for White Goods

Amber Enterprises India Limited ('Amber') and its subsidiary IL JIN Electronics India Private Limited ('IL JIN') have received approval from Ministry of Commerce & Industry under the Production Linked Incentive Scheme for White Goods (Air Conditioners).

Commenting on the above, Mr. Jasbir Singh, Chairman and CEO at Amber Enterprises India Limited said, "The production linked incentive (PLI) scheme approved by the government would help provide a levelplaying field to domestic players and create an enabling environment for the industry to compete globally.

We believe, with the opportunity in hindsight, our constant endeavor would be to increase penetration and increase our wallet share with the existing customers and acquire new customers and increase export penetration, as we will become more competitive with this PLI incentive and R&D capabilities."

Shares of Amber Enterprises India Limited was last trading in BSE at Rs. 3391.75 as compared to the previous close of Rs. 3390.30. The total number of shares traded during the day was 6070 in over 2293 trades.

The stock hit an intraday high of Rs. 3480.00 and intraday low of 3357.00. The net turnover during the day was Rs. 20859376.00.

Source : Equity Bulls

Keywords

AmberEnterprisesIndiaLimited INE371P01015 PLIScheme Approval WhiteGoods IncentiveScheme