New Delhi, June 10 -- The shares of Dalmia Bharat and Birla Corporation are in focus after the two companies found themselves trapped in the scrapping of industrial policies. The government of West Bengal has stopped the incentive scheme given to the companies.
What happened?
Dalmia Cement (Bharat) Ltd, a fully owned subsidiary of Dalmia Bharat, stated that it was entitled to receive Rs 236.32 crore with 8 percent interest in view of the now-abolished 'WB State Support for Industries Scheme 2013'. The company has a four million tonne cement plant in Paschim Midnapore, West Bengal.
Another affected company, Birla Corporation Ltd, said it was expecting Rs 55.66 crore under the Industrial Promotion Assistance (IPA), created by the West Be...
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