LG Electronics India Limited has received an eligibility certificate from the Directorate of Industries, Government of Maharashtra, for incentives worth ₹705.74 crore under the state’s Electronics Policy 2016.
The certificate confirms capital investments made at the company’s Ranjangaon manufacturing facility in Pune between November 1, 2017, and October 30, 2024, as part of an expansion programme.
The incentives approved under the certificate are aligned with the capital expenditure incurred during the investment period. The approval formalises state-level fiscal support linked to the Pune unit following completion of the investment phase.
Under the approval, the company is eligible to receive incentives over a 15-year period from May 1, 2020, to April 30, 2040. Annual incentives are estimated at ₹47.04 crore. The benefits include refunds of State Goods and Services Tax (SGST) on goods manufactured at the Ranjangaon facility and sold and consumed within Maharashtra.
Additional benefits include exemptions from electricity duty and stamp duty, power tariff subsidies, refunds on the employer’s contribution to the Employees’ Provident Fund (EPF), and exemption from property tax.
The certificate establishes the framework for incentives linked to the Ranjangaon facility and provides visibility on fiscal support over the policy period. The incentives are expected to lower operating expenses and provide predictability on cost-related benefits over the duration of the scheme.
The company stated that the approval confirms completion of the investment phase and allows it to align its cost structure with the incentive timeline. The incentives are tied to manufacturing operations in Maharashtra and apply over the validity period.
As per news report, Atul Khanna, Chief Accounting Officer at LG Electronics India, said the eligibility certificate validates the company’s capital investments and supports ongoing operations in India. He said the incentives would improve cost competitiveness and support manufacturing and export activities.
As of January 23, 2026, 3:30 pm, LG Electronics India share price closed at ₹1,399.10, a 1.55% increase from the previous closing price.
Read More: LG Electronics India Shares Up 1%; Unveils 2026 BEE Star Rated AC Range!
The eligibility certificate secures incentives for LG Electronics India’s Ranjangaon expansion project until 2040. The approval sets out the terms and duration of fiscal support linked to the facility and provides clarity on the incentive framework under the Maharashtra Electronics Policy.
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Published on: Jan 24, 2026, 9:17 AM IST
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