Borosil Renewables receives Rs 14.21 crore subsidy from MEITY for expansion
Borosil Renewables received a capital subsidy of Rs 14.21 crore from the Ministry of Electronics and Information Technology (MEITY) on November 27, the company said in an exchange filing on Friday, November 28. The support has been granted under MEITY’s Modified Special Incentive Package Scheme.
The latest payout takes the company’s total subsidies from MEITY to Rs 106.53 crore over the past two years. Borosil, which has been receiving subsidies for its expansion project, now has only a small portion of the approved subsidy pending.
