Endurance Technologies Secures ₹6,060.32 Million Industrial Subsidy Approval From Maharashtra Govt

Endurance Technologies Limited has received an Eligibility Certificate from the Directorate of Industries, Government of Maharashtra. The certificate, dated March 25, 2025, confirms the company’s qualification under the 2019 Package Scheme of Incentives for a project expansion.

Incentives Details

The company qualifies to receive financial incentives worth ₹6,060.32 million. These incentives are for the investment made in fixed assets at its Waluj units in Chhatrapati Sambhajinagar between 1st April 2019 and 31st August 2024.

Method and Duration of Incentive

Endurance Technologies plans to claim the incentives as Industrial Promotion Subsidy. This will be done through SGST collections and electricity duty exemptions over a seven-year period from 1st October 2024 to 30th September 2031. The maximum benefit per year can be up to ₹865.76 million.

About Endurance Technologies Ltd

Endurance Technologies Limited is a leading auto component manufacturer in India, known for supplying high-quality parts to major two-wheeler and four-wheeler companies. The company focuses on innovation, strong manufacturing capabilities and customer satisfaction across domestic and global markets.

Share performance 

As of April 07, 2025, at 11:35 AM, Endurance Technologies Ltd Share Price is trading at ₹1,761.50 per share, reflecting a loss of 4.07% from the previous day’s closing price. Over the past month, the stock has registered a loss of 6.44%. The stock’s 52-week high stands at ₹3,061.30 per share, while its low is ₹1,675.00 per share.

Conclusion

This incentive approval reflects government support for industrial growth and expansion. It strengthens Endurance Technologies’ ability to invest further, improve operations and contribute to regional economic development over the coming years.

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