Rajratan Global Wire updates on subsidy from MP Industrial Development Corporation Ltd

MP Industrial Development Corporation Limited (Government of Madhya Pradesh Undertaking) has revised the amount of Investment Promotion Assistance (IPA) from Rs. 19.74 Crores to Rs. 22.92 Crores under Madhya Pradesh Nivesh Protsahayan Yojana, 2014 / Investment Promotion Assistance Scheme Rajratan Global Wire Limited.

The eligibility period of assistance is 7 years and the yearly sanctioned amount of IPA has been increased to Rs. 3.27 Crores from Rs. 2.82 Crores.

The Company had received two tranches of Rs. 2.82 Crores each which were intimated to exchanges earlier. Further the company has now received Rs. 4.17 Crores which includes Rs. 3.27 Crore towards third tranch and Rs. 0.90 Crore towards balance payment of earlier tranches.

Source : Equity Bulls

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RajratanGlobalWire InvestmentPromotionAssistance Revision MPIndustrialDevelopmentCorporation