Balaji Amines Shares Surge Following Subsidy Announcement
Significant Rise in Balaji Amines Shares
New Delhi/Mumbai, January 8, 2026: Shares of Balaji Amines Ltd., a leading player in the specialty chemicals sector, experienced a remarkable surge today. The company's stock on the BSE reached an intraday high of ₹1,213.40, marking an increase of 13 percent. This spike follows the company's announcement to the stock market regarding the receipt of a crucial Eligibility Certificate from the Maharashtra government's Directorate of Industries for the expansion of Unit-4 located in Chincholi MIDC, Solapur.
This certificate qualifies the company under the Package Scheme of Incentives (PSI)-2013 for mega projects – investment-based/100% gross basis scheme. As a result, Balaji Amines is eligible for an Industrial Promotion Subsidy (IPS) of ₹258 crores. This subsidy will equate to 50 percent of the SGST applicable on eligible finished products sold in Maharashtra.
Additionally, the company will benefit from several other significant incentives, including:
- Complete exemption from electricity duty for a period of seven years from January 1, 2024, to December 31, 2030
- 100 percent exemption from stamp duty
These incentives will be implemented according to the government notification from the Revenue and Forest Department. The company confirmed that the Eligibility Certificate was issued on January 2, 2026, and received on January 7.
Market Reaction
The stock's rise from a previous closing price of approximately ₹1,070 reflects heightened enthusiasm among investors regarding the company's expansion plans and government support. During trading today, the stock opened around ₹1,100 and continued to climb throughout the day. Market analysts believe these incentives will reduce the company's costs and strengthen profitability in the coming years, especially as it completes the expansion of Unit-4.
Balaji Amines Ltd. is one of India's leading manufacturers of aliphatic amines and specialty chemicals. The company produces products for various sectors, including pharmaceuticals, agrochemicals, paints, and resins, and exports to over 50 countries.