Tax & Penalty25 Feb 2026, 06:31 pm
Prakash Woollen & Synthetic Mills Receives Subsidy of Rs. 3.97 Cr from U.P. GOVT for Expansion Project
AI Summary
Prakash Woollen & Synthetic Mills Ltd. has received a letter today regarding the grant of subsidy in connection with their expansion project. The subsidy, amounting to Rs. 3.97 Cr (Three Crore Ninety Seven lacs only), has been granted by the Handloom and Textile Directorate under the U.P. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017. The subsidy is divided into two parts: Capital Subsidy of Rs. 2.79 Cr and Interest Subsidy of Rs. 1.18 Cr. The purpose of the subsidy is to support the expansion project of the company. The company will disclose the actual amount received in due course.
Key Highlights
- Prakash Woollen & Synthetic Mills Ltd. has received a subsidy of Rs. 3.97 Cr from the U.P. GOVT for their expansion project.
- The subsidy is divided into two parts: Capital Subsidy of Rs. 2.79 Cr and Interest Subsidy of Rs. 1.18 Cr.
- The subsidy is granted under the U.P. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017.
- The subsidy will support the expansion project of the company.
- The company will disclose the actual amount received in due course.