Shares of Balaji Amines climbed on Thursday after the company announced that its Solapur unit-4 expansion has become eligible for over Rs 250 crore in government incentives.
The specialty chemicals maker said it has received an eligibility certificate from the Directorate of Industries, Government of Maharashtra, for the expansion of its unit-4 at Chincholi MIDC, Solapur. The certificate is dated January 2, 2026, and was received by the company on January 7, 2026.
According to the company’s disclosure, the project has been recognised under the Mega Projects – Investment Based/100% Gross Basis scheme of the Package Scheme of Incentives (PSI) 2013 of the Government of Maharashtra.
Under the scheme, Balaji Amines is entitled to an Industrial Promotion Subsidy (IPS) of Rs 258 crore. The incentive covers 50% of the State Goods and Services Tax (SGST) payable on eligible finished products sold within Maharashtra.
Following the announcement, Balaji Amines shares were trading higher at Rs 1,100, up 2.76%, or Rs 29.50, on the NSE in early trade on January 9.
The incentive is expected to support the economics of the Solapur expansion and strengthen the company’s manufacturing footprint in Maharashtra.