Business Update15 Jun 2026, 08:30 pm
Megastar Foods gets 15-yr Electricity Duty Exemption
AI Summary
Megastar Foods Ltd has received an Eligibility Certificate from the Department of Industries & Commerce, Punjab, granting a 100% exemption from electricity duty for 15 years from November 18, 2024. This exemption is linked to an investment of Rs. 8867.86 Lakhs during their expansion. The company is also eligible for incentives up to INR 881.86 Crores. This exemption is expected to reduce operating costs and improve profitability over the exemption period.
Key Highlights
- 100% electricity duty exemption for 15 years received.
- Exemption linked to Rs. 8867.86 Lakhs expansion investment.
- Eligible for incentives up to INR 881.86 Crores.
- Expected to reduce operating costs and improve profitability.
Price Impact
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