Foods and Inns Ltd sanctioned ₹33.87 Crores under the Production Linked Incentive Scheme for FY'25

The Ministry of Food Processing Industries (MoFPI), Government of India, has sanctioned incentives aggregating to ₹33.87 crores to Foods and Inns Limited for FY'25 under the Production Linked Incentive (PLI) Scheme for the food processing sector.

The sanctioned incentive pertains to eligible investments, sales performance, and operational milestones achieved by the Company during FY'25, in accordance with the terms and conditions of the PLI Scheme. The Company had completed all requisite compliances and documentation within the prescribed timelines.

Further, based on the Company's approved project and current performance trajectory, the Company continues to remain eligible to receive incentives under the PLI Scheme for an additional period of two years.

The sanction and continued eligibility under the PLI Scheme underscore:

- The Company's strong execution capabilities and scale in food processing

- Alignment with Government of India's vision to strengthen domestic manufacturing and value addition

- Successful implementation of planned capital investments and capacity expansion

The incentives received and expected under the PLI Scheme will support the Company's ongoing initiatives aimed at:

- Enhancing manufacturing efficiencies and capacities
- Improving cost competitiveness across product categories
- Strengthening long-term financial sustainability and cash flows

"The sanction of incentives under the PLI Scheme reflects the strength of our project execution and our continued commitment to building globally competitive food processing capabilities in India. The extended eligibility provides meaningful visibility and support for our medium-term growth plans."

The Company remains focused on disciplined capital allocation, operational excellence, and longterm value creation for its stakeholders.

Shares of FOODS & INNS LTD. was last trading in BSE at Rs. 60.75 as compared to the previous close of Rs. 61.90. The total number of shares traded during the day was 3680 in over 149 trades.

The stock hit an intraday high of Rs. 62.01 and intraday low of 60.17. The net turnover during the day was Rs. 224118.00.

Source : Equity Bulls

Keywords

FOODSandINNS INE976E01023 MoFPI PLIScheme IncentivesSanctioned