PG Electroplast Limited has announced that its wholly owned subsidiary, PG Technoplast Private Limited, has received approval for the disbursement of the third tranche of incentives under the Production Linked Incentive (PLI) Scheme for White Goods. The incentive, amounting to ₹37.5 crore, has been sanctioned by IFCI Limited, a Government of India undertaking.
The approval pertains to the determined sales value for the financial year 2024-25 under the PLI Scheme, which covers products such as air conditioners, LED lights, motors, and display panels (LCD/LED). The acceptance of the sanction letter, dated 27 March 2026, was confirmed by PG Technoplast on 28 March 2026.
The PLI Scheme is an initiative by the Government of India aimed at boosting domestic manufacturing by providing financial incentives to companies based on their incremental sales. PG Electroplast‘s successful claim under this scheme highlights its contribution to the manufacturing of white goods in India.
The company has stated that this development will be reflected on its official website for public access.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).