PG Electroplast Limited announced that its wholly-owned subsidiary, PG Technoplast Private Limited, has received approval for the 3rd tranche incentive under the Government of India’s Production Linked Incentive (PLI) Scheme for White Goods. The sanctioned amount is ₹37,50,00,000, corresponding to the Determined Sales Value for FY 2024-25. This payout relates to the production of Air Conditioners, LED Lights, Motors, and Display Panels under the scheme.
PLI Incentive Approval Received
PG Electroplast Limited formally disclosed the receipt of an official sanction letter for a significant incentive disbursement under the Government of India’s Production Linked Incentive (PLI) Scheme aimed at boosting White Goods manufacturing. The approval was granted by IFCI Limited, a Government of India undertaking, on March 27, 2026, with the company formally accepting the terms on March 28, 2026.
Incentive Details and Financial Impact
The sanctioned payment is designated for PG Technoplast Private Limited, the wholly owned subsidiary of the Company. The total amount approved for the 3rd tranche incentive is Rs. 37,50,00,000/- (Rupees Thirty-Seven Crore Fifty Lakhs only). This payment corresponds directly to the Determined Sales Value achieved during the financial year FY 2024-25.
Scope of PLI Scheme
The disbursement pertains to claims filed under the PLI-Scheme focusing on eligible components within the White Goods sector. Specifically, the incentive covers the production volume related to Air Conditioner, LED Lights Motors, and Display Panel (LCD/LED) categories manufactured during the relevant period, in accordance with the scheme’s prevailing terms and conditions.
Compliance and Disclosure
The Company confirmed that this material disclosure regarding the financial receipt is being made public immediately. Furthermore, this information will be hosted on the official Company website, https://www.pgel.in/, for enhanced transparency and compliance.
Source: BSE
