Archive · 8 Jan 2026
Balaji Amines Receives ₹258 Crore Incentive Certificate
Balaji Amines, a speciality chemicals company, got a big reward from the Maharashtra government.
They received a certificate that allows them to get ₹258 crore in benefits for expanding their factory in Solapur.
This money will help them pay less tax on products sold in Maharashtra and also gives them a break on electricity and stamp duties for seven years.
However, the company's recent profits and sales have gone down a bit compared to last year.
Their shares on the stock market also dropped a small amount.
Balaji Amines received a ₹258 crore incentive certificate for unit-4 expansion in Solapur, Maharashtra.
The certificate is under the Package Scheme of Incentives (PSI)-2013, offering industrial promotion subsidy and exemptions.
Incentives include 50% SGST subsidy, exemption from electricity duty, and 100% stamp duty exemption for seven years.
The company's net profit fell 15.6% year-on-year to ₹34.5 crore in Q2, with revenue down 1.8% to ₹340.5 crore.
Shares of Balaji Amines ended at ₹1,070.60, down 0.14% on the BSE.
- Who
- Balaji Amines Ltd
- What
- Received an eligibility certificate for unit-4 expansion
- When
- Certificate dated January 2, 2026, received on January 7, 2026
- Where
- Chincholi MIDC, Solapur, Maharashtra
- Why
- To avail incentives under the Package Scheme of Incentives (PSI)-2013
- Company
- Balaji Amines Ltd
- Certificate Issuer
- Directorate of Industries, Government of Maharashtra
- Project Location
- Chincholi MIDC, Solapur
- Incentive Scheme
- Package Scheme of Incentives (PSI)-2013
- Incentive Amount
- ₹258 crore
- Incentive Period
- January 1, 2024, to December 31, 2030
- Net Profit (Q2)
- ₹34.5 crore (down 15.6% YoY)
- Revenue (Q2)
- ₹340.5 crore (down 1.8% YoY)
- Share Price (BSE)
- ₹1,070.60 (down 0.14%)
