Prakash Woollen & Synthetic Mills Secures ₹3.97 Cr Expansion Subsidy

Prakash Woollen & Synthetic Mills Limited received approval for a substantial subsidy grant totaling Rs. 3.97 Cr (Three Crore Ninety Seven lacs only) from the Handloom and Textile Directorate under the U.P. Government Handloom, Power loom, Silk & Garmenting Policy - 2017.

Subsidy Structure

The financial assistance, confirmed via letter on February 25, 2026, breaks down into two components:

Capital Subsidy: Rs. 2.79 Cr

Interest Subsidy: Rs. 1.18 Cr

Scheme and Purpose

Name of the Scheme: UP. GOVT. Handloom, Power loom, Silk & Garmenting Policy - 2017

Purpose: Direct support for the company's expansion project, enabling enhanced production capabilities in woollen and synthetic textile manufacturing.

This targeted incentive under the state policy strengthens Prakash Woollen's growth trajectory by offsetting capital and financing costs associated with facility upgrades.

Shares of Prakash Woollen & Synthetic Mills Ltd was last trading in BSE at Rs. 24.60 as compared to the previous close of Rs. 23.99. The total number of shares traded during the day was 1196 in over 11 trades.

The stock hit an intraday high of Rs. 25.45 and intraday low of 24.00. The net turnover during the day was Rs. 28864.00.

Source : Equity Bulls

Keywords

PrakashWoollenandSyntheticMills INE523I01016 ExpansionSubsidy