Balaji Amines Soars 13% on ₹258 Cr Maharashtra Incentive Amidst Midcap Sell-off

• Balaji Amines shares surged 13% on January 8, defying a broader midcap sell-off trend.
• The company became eligible for ₹258 crore in government incentives from Maharashtra.
• Incentives are under the Mega Projects Investment Based 100% Gross Basis category of the Package Scheme of Incentives 2013.
• Benefits include an industrial promotion subsidy linked to state GST, electricity duty exemption, and 100% stamp duty waiver.
• These incentives will be available for seven years, from January 1, 2024, to December 31, 2030.

Why It Matters: Balaji Amines' shares jumped due to a significant ₹258 crore incentive from Maharashtra government.