Megastar Foods Clarifies Subsidy Amount Error: ₹88.68 Cr vs ₹881.86 Cr

Megastar Foods Ltd has issued a clarification regarding a previous intimation about an eligibility certificate for electricity duty exemption from the Department of Industries & Commerce, Punjab. The company corrected a typographical error where the subsidy amount was mistakenly reported as ₹881.86 Crores instead of the actual ₹88.68 Crores. This exemption is valid for 15 years and is subject to fulfilling government conditions. The corrected amount is expected to reduce operating costs and improve profitability over the exemption period.