Venus Remedies Ltd receives Rs. 2.50 crore under PLI scheme

Venus Remedies Ltd has been awarded with Rs. 2.50 crore under the Production Linked Incentive (PLI) scheme, which covers balance 25% of the total incentive of Rs.10.00 crores. The initial disbursement of Rs. 7.50 crore was awarded by the Central Government earlier this month.

Following the latest disbursement, Venus Remedies Ltd has now received 100% of the incentive owed to the company for the financial year 2022-23 under the PLI scheme.

This incentive further strengthens our commitment to innovation and excellence in pharmaceutical manufacturing.

Shares of Venus Remedies Limited was last trading in BSE at Rs. 326.40 as compared to the previous close of Rs. 304.90. The total number of shares traded during the day was 7289 in over 401 trades.

The stock hit an intraday high of Rs. 327.95 and intraday low of 307.00. The net turnover during the day was Rs. 2336128.00.

Source : Equity Bulls

Keywords

VenusRemedies INE411B01019 PLIScheme AmountReceived