Hi-Green Carbon Limited — Important, 02-01-2025: General Updates

Hi-Green Carbon Limited has received the First Eligibility Certificate from the Joint Director of Industries, Nashik Region, Government of Maharashtra, under the Package Scheme of Incentives – 2019 for its new plant in Dondaicha, Dhule District. The projected cost of the plant is estimated at ₹49.54 crore, with an initial investment of ₹36.11 crore made so far. Operational since November 2024, the plant is set to benefit from an incentive amounting to ₹28.88 crore over the next 10 years, translating to ₹2.88 crore annually from November 1, 2024, to October 30, 2034. The remaining investment of approximately ₹14 crore is expected to be completed well before the March 2026 deadline to claim additional incentives. This development signals a strong commitment to the project and enhances the company’s growth prospects.