LG Electronics India secures Rs 881.86 crore incentive under Maharashtra electronics policy

Arunika Jain — Mon, 25 May 2026 13:21:29 +0000

LG Electronics India has announced an increase in its eligibility for incentives under the Government of Maharashtra‘s Electronics Policy. The company has received an addendum to its Eligibility Certificate, which now entitles it to a total incentive of ₹881.86 crore. This marks an increase of ₹176.12 crore from the previously reported ₹705.74 crore in January 2026.

The incentives are applicable to investments made in fixed assets from 1 November 2017 to 30 October 2025 at LG Electronics India‘s eligible units located in Ranjangaon, Pune, Maharashtra. The company will receive these incentives in various forms, including SGST refund, electricity duty exemption, stamp duty exemption, refund of employee’s contribution to EPF, power tariff subsidy, and exemption from payment of property tax.

The validity period for availing these incentives is set from 1 May 2025 to 30 April 2040. Additionally, the annual incentive limit has been increased from ₹47.04 crore to ₹58.79 crore, as per the new addendum.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Electronics Policy | Business Upturn

LG Electronics India secures Rs 881.86 crore incentive under Maharashtra electronics policy