Fujiyama Power Systems Executes ₹8.21 Crore Incentive Agreement Under UP Policy
Fujiyama Power Systems Limited has executed a comprehensive ₹8.21 crore incentive agreement with UP Electronic Corporation Limited under the UP Electronic Manufacturing Policy 2020. The package includes ₹7.50 crore capital subsidy disbursable over five years, ₹29.62 lakh interest subsidy, and reimbursements for stamp duty and lease rentals, supporting Phase-I implementation at the company's Dadri Plant in Uttar Pradesh.
*this image is generated using AI for illustrative purposes only.
Fujiyama Power Systems Limited has executed a comprehensive incentive agreement worth ₹8.21 crore with UP Electronic Corporation Limited (UPLC), Government of Uttar Pradesh, under the UP Electronic Manufacturing Policy 2020. The agreement was signed on March 20, 2026, marking a significant milestone for the company's Phase-I implementation at its Dadri Plant in Uttar Pradesh.
Incentive Structure and Components
The approved incentive package comprises multiple components designed to support the company's manufacturing operations and growth initiatives. The comprehensive structure includes both immediate and long-term benefits spanning several years.
| Component: | Amount (₹) | Disbursement Terms |
|---|---|---|
| Capital Subsidy: | 7.50 crore | Five equal yearly instalments |
| Interest Subsidy: | 29.62 lakh | 5% p.a. on term loan for 7 years |
| Stamp Duty Reimbursement: | 16.48 lakh | 50% reimbursement of stamp duty paid |
| Lease Rental Reimbursement: | 25.00 lakh | 25% of lease rentals for 5 years |
| Total Incentive: | 8.21 crore | Various terms |
Policy Framework and Implementation
The UP Electronic Manufacturing Policy 2020 (1st Amendment-2022) serves as the foundation for this incentive disbursement. The policy is specifically designed to promote electronic manufacturing in Uttar Pradesh and attract investments to strengthen the state's industrial ecosystem. The approval pertains to Phase-I implementation at Fujiyama Power Systems' Dadri Plant facility.
Regulatory Compliance and Disclosure
The company has disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Mayuri Gupta signed the regulatory filing, ensuring full transparency with stock exchanges including NSE and BSE. All incentives remain subject to terms and conditions stipulated in the approval letter issued by UPLC.
Strategic Impact on Operations
This incentive agreement positions Fujiyama Power Systems to leverage substantial financial support for its manufacturing operations in Uttar Pradesh. The multi-component structure provides both immediate capital relief and long-term operational benefits, supporting the company's expansion and competitiveness in the electronic manufacturing sector.
Historical Stock Returns for Fujiyama Power Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.29% | +15.23% | +140.71% | 0.0% | 0.0% |
What specific electronic products will Fujiyama Power Systems manufacture at the Dadri Plant, and how will this impact their market positioning?
How might this incentive package influence other electronics manufacturers to consider setting up operations in Uttar Pradesh?
What are the expected timelines and investment requirements for Phase-II and subsequent phases of the Dadri Plant expansion?
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