Business Update29 Aug 2024, 11:25 pm
Parvati Sweetners and Power Ltd Receives Subsidy of Rs. 11.37 Crore from MPIDC
AI Summary
Parvati Sweetners and Power Ltd has received an intimation letter regarding the receipt of a subsidy under 'Annual Investment Promotion Assistance (IPA), Under Investment Promotion Assistance Scheme' from 'Madhya Pradesh Industrial Development Corporation (A Unit Of Madhya Pradesh, Government) MPIDC, Bhopal (M.P.)'. The State Level Empowered Committee of MPIDC has sanctioned a subsidy of Rs. 11.37 Crore for the company's expansion under the Investment Promotion Assistance Scheme. This subsidy will be paid in seven equal yearly installments of Rs. 1.62 Crore.
Key Highlights
- Parvati Sweetners and Power Ltd has received an intimation letter regarding a subsidy from MPIDC.
- The subsidy is worth Rs. 11.37 Crore and is for the company's expansion under the Investment Promotion Assistance Scheme.
- The subsidy will be paid in seven equal yearly installments of Rs. 1.62 Crore each.
- The subsidy is sanctioned by the State Level Empowered Committee of MPIDC.
- The subsidy is received under 'Annual Investment Promotion Assistance (IPA), Under Investment Promotion Assistance Scheme'