Shares of EPACK Durable surged nearly 5% to ₹374.95 in early trade on March 24 after the company received government approval for the disbursement of its second tranche of incentives under the Production-Linked Incentive (PLI) Scheme for White Goods. The stock opened strong, hitting an intraday high of ₹376.30 compared to the previous close of ₹358.40.
The ₹30 crore incentive pertains to the financial year 2023–24, following a successful audit and due diligence by nodal agencies appointed by the Government of India. This marks the second disbursement for EPACK under the scheme, after the first tranche was approved in March 2024.
EPACK had applied under the PLI scheme back in September 2021 and received approval in November 2021. The company has since invested in manufacturing Room Air Conditioner (RAC) components such as control assemblies, motors, heat exchangers, compressors, and more at its facilities in Dehradun, Bhiwadi, and Sri City.
The development is seen as a positive boost to the company’s cash flow and growth in the white goods manufacturing segment, supporting investor sentiment and lifting the stock’s performance.
