Balaji Amines Stock Soars 13% on ₹258 Cr Maharashtra Subsidy Boost

• Balaji Amines shares surged up to 13% on January 8, hitting ₹1213.40 on BSE, driven by news of a significant subsidy.
• The specialty chemicals firm secured an Eligibility Certificate for its Unit-4 expansion in Chincholi MIDC, Solapur, from the Maharashtra government.
• This certificate grants an Industrial Promotion Subsidy (IPS) of ₹258 crore under the PSI-2013 scheme for Mega Projects.
• The subsidy is equivalent to 50% of SGST on eligible products sold in Maharashtra and includes electricity duty and stamp duty exemptions for 7 years.
• Despite the surge, the stock has fallen 36% in 6 months; Q2FY25 net profit declined 15.6% YoY to ₹34.5 crore.

Why It Matters: Balaji Amines stock jumped on a ₹258 crore Maharashtra government subsidy for its Solapur expansion.