Autoline Industries Ltd has announced in relation to the Industrial Promotion Subsidy (IPS) for Mega Project under Package Scheme of Incentive 2007 of Government of Maharashtra ('VAT/CST Subsidy').
As per the revised Eligibility Certificate the Government of Maharashtra has approved additional IPS claim of Rs. 44.61 crores and out of said approved amount, the Company has received an amount of Rs. 14.50 crores on July 8, 2019 and with this amount the Company has received total of Rs. 35.12 crores in three tranches. The remaining amount is expected shortly.
Shares of AUTOLINE INDUSTRIES LTD. was last trading in BSE at Rs.50.3 as compared to the previous close of Rs. 50. The total number of shares traded during the day was 1305 in over 34 trades.
The stock hit an intraday high of Rs. 51 and intraday low of 50.25. The net turnover during the day was Rs. 65928.