ADF Foods Limited receives approval under PLI scheme

ADF Foods Limited has received approval from the Government of India under Category III of the Production Linked Incentive Scheme for Food Processing Industries.

The details are as under -

• Approval under Production Linked Incentive (PLI) Scheme - Category III - Incentive for Branding and Marketing Expenditure Abroad.
• The Company would be extended financial incentive @ 50% of budgeted outlay on international Branding and Marketing expenditure or 3% of sales of food products whichever is lower subject to a maximum incentive of ₹ 61.35 Crore during the scheme tenure from FY'21-22 to FY'25-26.

ADF Foods Ltd. is thankful to the Government of India for approving its application under the Production Linked Incentive (PLI) Scheme. This will assist the Company in augmenting its export sales through increased branding expenditure.

Shares of ADF Foods Limited was last trading in BSE at Rs. 878.20 as compared to the previous close of Rs. 883.35. The total number of shares traded during the day was 5527 in over 799 trades.

The stock hit an intraday high of Rs. 902.95 and intraday low of 864.25. The net turnover during the day was Rs. 4888824.00.

Source : Equity Bulls

Keywords

ADFFoods INE982B01019 PLIScheme FoodProcessingIndustry Incentive Branding MarketingExpenditure