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Autoline Industries zooms receives eligibility certificate for mega project

02 Jan 2012 Evaluate

Autoline Industries is currently trading at Rs 97.40, up by 3.80 points or 4.06% from its previous closing of Rs 93.60 on the BSE.

The scrip opened at Rs 95.00 and has touched a high and low of Rs 98.00 and Rs 94.65 respectively. So far 5719 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 229.50 on 06-Jan-2011 and a 52 week low of Rs 69.50 on 23-Nov-2011.

Last one week high and low of the scrip stood at Rs 100.80 and Rs 92.50 respectively. The current market cap of the company is Rs 117.59 crore.

The promoters holding in the company stood at 29.55% while Institutions and Non-Institutions held 4.15% and 66.30% respectively.  

Autoline Industries has received eligibility certificate for mega project under Package Scheme of Incentives, 2007 (PSI-2007) from Directorate of Industries, Government of Maharashtra vide its letter dated December 31, 2011.

The company is now entitled to the following - electrical duty exemption for the period of 7 years from the date of commencement of commercial production i.e. from November 1, 2009 to October 31, 2016, 100% exemption from payment of stamp duty under relevant government resolution of revenue and forest department.

Further, the company is also entitled for Industrial Promotion Subsidy (IPS), of Rs 77.38 crore equivalent to 75% of eligible investments of Rs 103.18 crore or to the extent of the amount of taxes payable under MVAT Act, 2002 and CST Act, 1956 by the project in respect of sale of finished products eligible for incentives after adjustment of set off or other credit available, within a period of 7 years, whichever is lower.

Autoline Industries is a manufacturer of pressed sheet metal automotive components and assemblies, and is engaged in design engineering for automotive original equipment manufacturers (OEMs) based in India, the US and Europe. 

Autoline Inds Share Price

66.96 -0.82 (-1.21%)
17-Apr-2026 16:59 View Price Chart
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