Endurance Technologies Gets Enhanced Incentive Eligibility

Endurance Technologies Limited has received an addendum to its Eligibility Certificate under the Package Scheme of Incentives 2019, increasing its total eligible incentives to Rs. 858.29 crore from the previously reported Rs. 606.03 crore.

The addendum, issued by the Directorate of Industries, Government of Maharashtra, pertains to the company's expansion under the Mega Projects Investment Based category. The enhanced eligibility represents an increase of Rs. 252.26 crore over the earlier certificate.

The incentives relate to investments made in fixed assets between April 1, 2019, and March 31, 2025, at the company's eligible manufacturing units located in Waluj, District Chhatrapati Sambhajinagar.

Endurance Technologies plans to avail these incentives through Industrial Promotion Subsidy, which includes refunds of State Goods and Services Tax (SGST) collections from its eligible units and electricity duty exemptions.

For the remaining period of the scheme, from April 1, 2025, to September 30, 2031, the company can claim up to Rs. 125.38 crore per financial year on a pro rata basis, subject to fulfillment of requisite terms, conditions, and compliances under the scheme.