Rajratan Global Wire Limited Receives Latest Tranche of Investment Promotion Assistance
Rajratan Global Wire Limited has received the latest tranche of Investment Promotion Assistance (IPA) from the MP Industrial Development Corporation Limited. The assistance falls under the Madhya Pradesh Nivesh Protsahayan Yojana, 2014 / Investment Promotion Assistance Scheme, provided by the Government of Madhya Pradesh Undertaking.The company successfully secured a total sanction of Rs. 22.92 Crores for the IPA. This financial support is offered to Rajratan Global Wire Limited under the terms set by the scheme.
As per the agreement, the eligibility period for this assistance spans seven years. The scheme sanctions an annual amount of Rs. 3.27 Crores.
Rajratan Global Wire Limited has confirmed the receipt of Rs. 3.27 Crore, which constitutes the most recent tranche of the IPA.
Key details regarding the investment promotion assistance are summarized below:
| Parameter | Details |
|---|---|
| Scheme Provider | MP Industrial Development Corporation Limited (Government of Madhya Pradesh Undertaking) |
| Total Sanctioned Amount (IPA) | Rs. 22.92 Crores |
| Annual Sanctioned Amount (IPA) | Rs. 3.27 Crores |
| Eligibility Period | 7 years |
| Received Tranche Amount | Rs. 3.27 Crore |
RAJRATAN Stock Price Movement
Rajratan Global Wire Limited shares today slipped by 0.58% in post-market trading, settling at ₹477.15 after closing the session. The stock saw a total traded volume of 54,044 shares, having moved within an intraday range that included a low of ₹471.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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