Tilaknagar Industries receives eligibility certificate for Shrirampur mega project

Tilaknagar Industries has received eligibility certificate for its mega project located at Shrirampur from Government of Maharashtra. Pursuant to receiving this eligibility certificate, the company will be entitled for subsidy equivalent to 100% of eligible investment of Rs 254.62 crore by way of refund of tax payable under MVAT and CST during 7 years ending on March 26, 2018. This shall be computed after setting off the credits available for MVAT and CST.

Further, the company will also avail electricity duty exemption for a period of 7 years ending on March 26, 2018.

Tilaknagar Industries is one of the renowned Indian Made Foreign Liquor players including whisky, brandy, gin, rum and vodka with presence across India. The company manufactures, markets and sells more than 40 brands across all price points.