Endurance Tech gets subsidy eligibility certificate for expansion

Endurance Technologies Limited (BSE: ENDURANCE) announced it has received an Eligibility Certificate from the Directorate of Industries, Government of Maharashtra, for its expansion under Mega Projects - Investment Based under the Package Scheme of Incentives - 2019. This enables the company to receive incentives to the extent of INR 6,060.32 million on investments made in fixed assets in its eligible units situated in Waluj, Dist. Chhatrapati Sambhajinagar, during the period from 1st April, 2019 to 31st August, 2024. The Company intends to avail the incentives as Industrial Promotion Subsidy by way of SGST collection by its eligible units and by way of Electricity Duty exemption, during the seven year period from 1st October, 2024 to 30th September, 2031, with the admissible incentive for each financial year up to INR 865.76 million.