PG Electroplast Limited Receives Incentive Disbursement Approval Under PLI Scheme
PG Electroplast Limited announced on March 28, 2026, that its wholly-owned subsidiary, PG Technoplast Private Limited, has received approval for the disbursement of the third tranche of incentive under the Production Linked Incentive (PLI) Scheme for White Goods.The approval, communicated via a sanction letter dated March 27, 2026, from IFCI Limited, a Government of India undertaking, pertains to a claim for the Determined Sales Value of fiscal year 2024-25. The incentive is for manufacturing Air Conditioners, LED Lights, Motors and Display Panels (LCD/LED).
PG Technoplast Private Limited has been sanctioned a payment of Rs. 37,50,00,000 (Rupees Thirty-Seven Crore Fifty Lakhs only) as an incentive, aligning with the existing terms and conditions of the PLI Scheme.
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