India's Epack Durables jumps on approval to release 300 mln-rupee incentive

Epack Durable

24/03/2025 05:14

** Epack Durable EPAC.NS jumps 5% to 376.3 rupees

** Co gets approval to disburse second tranche of incentive worth 300 mln rupees ($3.5 mln) under production-linked incentive (PLI) scheme for white goods for FY24

** Makes requisite investments as per terms of PLI approval in manufacturing of room air conditioner components segment

** More than 800,000 shares traded, surpassing six-month daily avg volume

** EPAC down 32% YTD

($1 = 85.9510 Indian rupees)

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))