EPACK Durable Limited receives 1st incentive under PLI scheme

EPACK Durable Limited (Company) has received its 1st incentive under PLI Scheme for White Goods, from Government of India. The Company had made requisite investments as per terms of PLI approval, in the Target Segment of manufacturing of RAC Components during the Financial Year 2021-22 and subsequently, after audits and due diligence carried out by the nodal agencies appointed by the Government of India, the Company has received its 1st incentive of Rs. 15 crores for the Financial year 2022-23, under the said Scheme.

On this occasion, Mr. Ajay DD Singhania, Managing Director & CEO stated "Firstly, we are thankful to Government of India for always providing support and encouraging platform to manufacturing Industry. At EPACK, we are thrilled to have received this incentive recognition from Government. EPACK has always believed in providing holistic manufacturing services to its customers under its Product servings and manufacturing of RAC components is also a step towards the same. EPACK, in its own way, has been contributing towards strengthening manufacturing eco-system in India, generating employment opportunities and reducing dependency on imports, and such schemes provide necessary motivation required to continue on the development journey."

Shares of EPACK Durable Limited was last trading in BSE at Rs. 172.55 as compared to the previous close of Rs. 158.65. The total number of shares traded during the day was 83224 in over 1890 trades.

The stock hit an intraday high of Rs. 176.00 and intraday low of 158.80. The net turnover during the day was Rs. 14242551.00.

Source : Equity Bulls

Keywords

EPACKDurable INE0G5901015 HouseholdAppliances 1stIncentive PLIScheme WhiteGoods