Balaji Amines shares surged after Maharashtra approved mega project incentives for its Solapur expansion, boosting long-term profitability and growth prospects.

• The company is eligible for an industrial promotion subsidy of up to Rs 258 crore, linked to a fifty per cent SGST on eligible Maharashtra sales.
• The project also receives an electricity duty exemption and a full stamp duty waiver, available for seven years from 2024 to 2030.
• Balaji Amines manufactures aliphatic amines, speciality chemicals and derivatives, with expansion expected to strengthen capacity and market position, domestic competitiveness.