The Indian Ministry of Heavy Industries is currently evaluating the removal of Bengaluru-based Rajesh Exports from the government’s Production Linked Incentive (PLI) scheme. This regulatory review follows a stringent interim order issued by the Securities and Exchange Board of India (SEBI), which alleges significant financial irregularities and fund diversion within the precious metals giant. Background…
Government Review of PLI Beneficiaries The Indian government is expected to finalize a decision within the coming days regarding the potential removal of Rajesh Exports from the Production Linked Incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage. Ministry sources indicate a growing consensus within the department that the company has failed to meet…
The Impending Decision The Ministry of Heavy Industries (MHI) is expected to finalize a decision within days regarding the removal of Rajesh Exports from the government’s Production-Linked Incentive (PLI) scheme for advanced chemistry cell (ACC) battery storage. This move follows a sweeping interim order issued by the Securities and Exchange Board of India (SEBI) on…