Investment28 Jan 2026, 04:12 pm
Kiri Industries' Subsidiary, Indo Asia Copper Limited, Receives PLI Scheme Approval for White Goods
AI Summary
Kiri Industries Ltd. has announced that its wholly owned subsidiary, Indo Asia Copper Limited (IACL), has received approval under the Production Linked Incentive (PLI) Scheme for White Goods from IFCI Limited, the Project Management Agency. The approval is for the production of high value intermediaries, specifically copper tubes (plain and/or grooved) for air conditioners. The committed investment from IACL is 3258.97 Crore. The incentive will be available upon achievement of prescribed eligibility conditions, including minimum incremental investment and net incremental sales thresholds. The applicable incentive rate is up to 4% of the net sales.
Key Highlights
- Kiri Industries' subsidiary, Indo Asia Copper Limited, receives approval under the PLI Scheme for White Goods
- Approval for the production of high value intermediaries, specifically copper tubes for air conditioners
- Committed investment of 3258.97 Crore from Indo Asia Copper Limited
- Incentive availability subject to achievement of prescribed eligibility conditions
- Applicable incentive rate of up to 4% of the net sales