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Megatherm Induction Limited has secured a subsidy of INR 3.25 crore from the Ministry of Electronics and Information Technology under Phase-II of the M-SIPS program. This funding is pivotal for the company's upcoming projects located at H1, Vidyasagar Industrial Park in West Bengal, where they plan to manufacture various induction melting furnaces and heat treatment units. This financial boost is expected to support their operational capacity and enhance competitiveness in the market. The investment opens up positive growth opportunities for Megatherm, positioning it well within the industry landscape. Shareholders and potential investors should watch closely for further developments related to this subsidy and its implications for future performance.