Stove Kraft Ltd's project shortlisted for benefits under PLI Scheme

The Government of India has approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) to be implemented over FY 2021-22 to FY 2028-29 with a budgetary outlay of Rs. 6,238 crores.

In order to participate and avail benefits under the PLI Scheme Stove Kraft Limited, had filed an application for the manufacturing of components of LED Lights under the production linked incentive scheme (PLI) for white goods (air conditioners and led lights) and the Company is pleased to inform that it has been provisionally selected as a beneficiary under the said PLI scheme.

Shares of Stove Kraft Limited was last trading in BSE at Rs. 1073.70 as compared to the previous close of Rs. 1022.30. The total number of shares traded during the day was 7447 in over 539 trades.

The stock hit an intraday high of Rs. 1086.00 and intraday low of 1035.00. The net turnover during the day was Rs. 7960951.00.

Source : Equity Bulls

Keywords

StoveKraftLimited INE00IN01015 HouseholdAppliances PLIScheme