PG Electroplast Subsidiary Receives Approval for Rs. 37.5 Crore Incentive Under PLI Scheme

PG Electroplast Ltd. has announced that its wholly owned subsidiary, PG Technoplast Private Limited, has received approval for the disbursement of the 3rd tranche of incentive under the Production Linked Incentive (PLI) Scheme for the White Goods sector. The sanction letter, dated March 27, 2026, from IFCI Limited, a Government of India undertaking, was accepted on March 28, 2026. The incentive claim is for the Determined Sales Value of FY 2024-25 under the PLI-Scheme for White Goods-Air Conditioner, LED Lights Motors and Display Panel. The payment of Rs. 37,50,00,000/- (Rupees Thirty-Seven Crore Fifty Lakhs only) has been sanctioned towards the incentive for the Determined Sales Value of FY 2024-25, as per the existing terms and conditions of the PLI-Scheme.