LUCKNOW: The state government has allocated over Rs 146 crore as reimbursement of the first instalment of concessions to eight mega projects under the Uttar Pradesh Industrial Investment Policy, said an official.
Most of these projects are those for which MOUs were signed during the February 2023 Global Investors Summit and include Jaypee Cement Aligarh, RCCPL Pvt Ltd Rae Bareli and Gallantt Ispat Ltd Gorakhpur.
The official said the move was aimed at expediting the setting up of large projects, especially with the purpose to launch them during the groundbreaking ceremony slated to take place in September or October this year.
The proposal in this regard was cleared at a meeting chaired by the infrastructure and industrial development commissioner Manoj Singh.
Giving a breakup of the incentives, the official said JK Cement Works, Aligarh, a unit of JK Cement Ltd, will be reimbursed Rs 21.85 crore for financial year 2020-21 and Rs 12.52 crore for 2021-2022.
Similarly, Paswara Papers Ltd Meerut will be reimbursed Rs 12.65 crore. This includes Rs.1.63 crore as reimbursement of SGST and Rs 11.02 crore as capital interest subvention reimbursement.
Varun Beverages Ltd in Sandila (Hardoi) will be reimbursed Rs 8.52 crore for 2021-22 whereas Gallantt Ispat Ltd Gorakhpur will get the reimbursement amount of Rs 15.96 crore, including Rs 6.88 crore and Rs 9.08 crore in two categories.
Also, Sparsh Industries Pvt Ltd that is setting up a unit in Kanpur Dehat will be reimbursed Rs 3.66 crore, RCCPL Pvt Ltd Rae Bareli Rs 46.55 crore and Shree Cement Pvt Ltd Bulandshahr Rs 24.28 crore in three categories.
Most of these projects are those for which MOUs were signed during the February 2023 Global Investors Summit and include Jaypee Cement Aligarh, RCCPL Pvt Ltd Rae Bareli and Gallantt Ispat Ltd Gorakhpur.
The official said the move was aimed at expediting the setting up of large projects, especially with the purpose to launch them during the groundbreaking ceremony slated to take place in September or October this year.
The proposal in this regard was cleared at a meeting chaired by the infrastructure and industrial development commissioner Manoj Singh.
Giving a breakup of the incentives, the official said JK Cement Works, Aligarh, a unit of JK Cement Ltd, will be reimbursed Rs 21.85 crore for financial year 2020-21 and Rs 12.52 crore for 2021-2022.
Similarly, Paswara Papers Ltd Meerut will be reimbursed Rs 12.65 crore. This includes Rs.1.63 crore as reimbursement of SGST and Rs 11.02 crore as capital interest subvention reimbursement.
Varun Beverages Ltd in Sandila (Hardoi) will be reimbursed Rs 8.52 crore for 2021-22 whereas Gallantt Ispat Ltd Gorakhpur will get the reimbursement amount of Rs 15.96 crore, including Rs 6.88 crore and Rs 9.08 crore in two categories.
Also, Sparsh Industries Pvt Ltd that is setting up a unit in Kanpur Dehat will be reimbursed Rs 3.66 crore, RCCPL Pvt Ltd Rae Bareli Rs 46.55 crore and Shree Cement Pvt Ltd Bulandshahr Rs 24.28 crore in three categories.