Alphalogic Techsys receives in principle approval for interest subvention

Alphalogic Techsys Limited, has received the In Principle approval from Government of India for Interest Subvention as per the Scheme for the purpose of setting up of new grain-based distillery of 150 KLPD with Zero Liquid Discharge (ZLD) System.

Under this scheme the Government of India shall bear interest on loan availed for the project at 50% of rate of interest, upto @ 6% per annum for a period of 5 years, including one year of moratorium period.

Shares of Alphalogic Techsys Ltd was last trading in BSE at Rs. 39.45 as compared to the previous close of Rs. 39.90. The total number of shares traded during the day was 4507 in over 69 trades.

The stock hit an intraday high of Rs. 39.95 and intraday low of 39.05. The net turnover during the day was Rs. 177810.00.

Source : Equity Bulls

Keywords

AlphalogicTechsys InPrincipleApproval InterestSubvention GrainbasedDistillery ZeroLiquidDischargeSystem