Foods and Inns Ltd receives incentives amounting to ₹2.91 Crore under the Integrated Cold Chain and Value Addition Infrastructure Scheme

Foods and Inns Ltd. has received its final Instalment of incentives amounting to ₹2.91 Crore under the Integrated Cold Chain and Value Addition Infrastructure Scheme for the Cold Chain facility set up at our plant in Vankal, Gujarat.

The Company had earlier received incentives of ₹3.37 Crore and ₹2.11 Crore as previous instalments. With the current receipt, the total incentives received under the scheme now stand at ₹8.39 Crore.

This incentive is in the nature of capital subsidy.

We express our gratitude to the Government of India and Ministry of Food Processing for supporting creation of infrastructure required for the preservation of food products and thereby enabling value creation across the chain, in tune with the Viksit Bharat Goals that aims to support employment generation, enhance employability and social security, across all sectors, with special focus on the manufacturing sector.

Shares of FOODS & INNS LTD. was last trading in BSE at Rs. 92.10 as compared to the previous close of Rs. 92.40. The total number of shares traded during the day was 1763 in over 29 trades.

The stock hit an intraday high of Rs. 93.30 and intraday low of 91.15. The net turnover during the day was Rs. 162851.00.

Source : Equity Bulls

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FOODSandINNS INE976E01023 Incentives FinalInstalment