Regulatory18 Aug 2026, 10:50 am
Acutaas Chemicals Gets MeitY Approval for ECMS Incentive Package
AI Summary
Acutaas Chemicals Limited has received approval from the Ministry of Electronics and Information Technology (MeitY) for an incentive package under the Electronics Component Manufacturing Scheme (ECMS). The approval, communicated via Engineers India Limited (PMA), pertains to the company's Electrolyte Additives manufacturing business located in Jhagadia, Gujarat. The company has made a cumulative investment of ₹256.47 crores, with ₹119.12 crores as eligible investment for the scheme. Acutaas Chemicals is expected to receive incentives up to 25% of the eligible investment until FY 2030-31, subject to terms and conditions. The incentive period is 5 years from January 27, 2026.
Key Highlights
- MeitY approves ECMS incentive package for Acutaas Chemicals' electrolyte additives business.
- Eligible investment for the scheme is ₹119.12 crores out of total ₹256.47 crores.
- Potential incentive benefit up to 25% of eligible investment until FY 2030-31.
- Approval received through Project Management Agency Engineers India Limited.
- Incentive period valid for 5 years from January 27, 2026.
Price Impact
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