Privi Speciality Chemicals (BOM:530717) said the Government of Maharashtra, India, has provisionally sanctioned the Industrial Promotion Subsidy for the financial year 2023-24 under the State Incentive Scheme, according to an Indian bourse filing on Tuesday.
The company is eligible for a subsidy of 26.3 million Indian rupees, with 23.7 million rupees to be disbursed immediately upon submission of required documents, the filing said. The remaining 10%, or 2.6 million, will be released after the completion of the GST audit for the financial year 2023-24, it added.
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