Rajratan Global Wire Receives Final Tranche of ₹3.27 Crore Government Subsidy

Leading bead wire manufacturer Rajratan Global Wire Limited has received the final installment of its long-term state government incentive. The company confirmed the successful receipt of its latest subsidy payout under Madhya Pradesh's state investment programs.

Fulfillment of the Seven-Year State Incentive Program

The financial disbursement was sanctioned and cleared by the MP Industrial Development Corporation Limited, a public sector undertaking under the Government of Madhya Pradesh. The funding was allocated to the company under the statutory provisions of the Madhya Pradesh Nivesh Protsahayan Yojana, 2014 (also known as the Investment Promotion Assistance Scheme).

Key details of the fiscal structure include:

Total Sanctioned Assistance: The state development agency originally approved an aggregate Investment Promotion Assistance (IPA) bundle totaling ₹22.92 crores to support Rajratan's industrial presence.

Tenure and Tranches: The eligibility roadmap for the industrial program was spread over a fixed operational duration of seven years, drawing down in structured annual components of ₹3.27 crores per fiscal period.

Final Settlement: The company has now formally received the last remaining tranche of ₹3.27 crores, marking the successful completion of the seven-year financial assistance cycle.

Source : Equity Bulls

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RajratanGlobalWire FinalInstallment StateGovernmentIncentive