+
Uttar Pradesh government to reimburse Rs 146 cr to eight mega projects
ECONOMY & POLICY

Uttar Pradesh government to reimburse Rs 146 cr to eight mega projects

The Uttar Pradesh government has announced that it will reimburse Rs 146 crore to eight mega projects under the Uttar Pradesh Industrial Investment Policy. The projects include Jaypee Cement Aligarh, RCCPL Pvt Ltd, Rae Bareli and Gallantt Ispat Ltd, Gorakhpur.

The government's move is aimed at accelerating the implementation of the mega projects, which were agreed upon during the Global Investors Summit 2023 in Lucknow in February.

A decision on the reimbursement process was taken at a meeting chaired by Infrastructure and Industrial Development Commissioner (IIDC) Manoj Kumar.

JK Cement Works, Aligarh (a unit of JK Cement Ltd), will also be reimbursed a total incentive of Rs 21.85 crore for the financial year 2020-21 and Rs 12.52 crore for 2021-2022.

Paswara Papers Ltd, Meerut, will be reimbursed Rs 12.65 crore as incentive.

The government will also receive Rs 1.63 crore as SGST reimbursement of Rs 11.02 crore and capital interest subvention reimbursement.

The reimbursement of the incentives is expected to boost the investment climate in Uttar Pradesh and attract more investors to the state.

Also read
Shree Cement's net profit fell 20% in the fourth quarter
UPSIDA set to implement Rs 400 bn investment proposals

The Uttar Pradesh government has announced that it will reimburse Rs 146 crore to eight mega projects under the Uttar Pradesh Industrial Investment Policy. The projects include Jaypee Cement Aligarh, RCCPL Pvt Ltd, Rae Bareli and Gallantt Ispat Ltd, Gorakhpur. The government's move is aimed at accelerating the implementation of the mega projects, which were agreed upon during the Global Investors Summit 2023 in Lucknow in February. A decision on the reimbursement process was taken at a meeting chaired by Infrastructure and Industrial Development Commissioner (IIDC) Manoj Kumar. JK Cement Works, Aligarh (a unit of JK Cement Ltd), will also be reimbursed a total incentive of Rs 21.85 crore for the financial year 2020-21 and Rs 12.52 crore for 2021-2022. Paswara Papers Ltd, Meerut, will be reimbursed Rs 12.65 crore as incentive. The government will also receive Rs 1.63 crore as SGST reimbursement of Rs 11.02 crore and capital interest subvention reimbursement. The reimbursement of the incentives is expected to boost the investment climate in Uttar Pradesh and attract more investors to the state. Also read Shree Cement's net profit fell 20% in the fourth quarter UPSIDA set to implement Rs 400 bn investment proposals

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?