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

• Balaji Amines shares jumped up to 13% on Thursday, January 8, defying a broader midcap sell-off.
• The surge followed the company's announcement of eligibility for over ₹250 crore in government incentives from Maharashtra.
• The Directorate of Industries, Maharashtra, approved the expansion unit under the Package Scheme of Incentives (PSI) 2013.
• Balaji Amines will receive a ₹258 crore industrial promotion subsidy, linked to 50% of State GST, plus electricity duty and stamp duty exemptions.
• These significant benefits are applicable for 7 years, from January 1, 2024, to December 31, 2030, boosting investor confidence.

Why It Matters: Government incentives of ₹258 crore from Maharashtra fueled Balaji Amines' 13% stock surge.