Just small correction in the PLI, they have submitted 7 products PLI application and they have received 6 or 7 certifications out of 7 till now.
These benefits will boost the bottom-line in FY25, if they receive the amount from Govt. Incentives are ranging from 10-18% of the product sales.
This could bring down the valuations little bit and i am expecting going forward they will submit more applications and get approvals.
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