Alphalogic Techsys receives in principle approval for interest subvention; Stock gains 4%

28 Oct 2022 , 12:00 PM

Alphalogic Techsys Limited informed to the exchanges that it has received the In Principle approval from Government of India for Interest Subvention as per the Scheme for the purpose of setting up of new grain-based distillery of 150 KLPD with Zero Liquid Discharge (ZLD) System.

As per the filing, under this scheme the Government of India shall bear interest on loan availed for the project at 50% of rate of interest, upto @ 6% per annum for a period of 5 years, including one year of moratorium period, the company said.

On Friday, at around 12:02 PM, Alphalogic Techsys was trading at Rs41.10 per share higher by 4.18% as against previous closing of Rs39.45 per share on the BSE.

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