7 hours ago
Dalmia Bharat, Birla Corp incentive demand worth Rs 430cr at risk after Bengal govt's policy churn
Two major companies,
Dalmia Bharat
Ltd and
Birla Corporation
, said that about Rs 430 crore in promised
state incentives
may now be at risk after the
West Bengal government
scrapped several industrial subsidy schemes in 2025.
An official of Dalmia Cement (Bharat) Ltd (DCBL), a wholly owned subsidiary of Dalmia Bharat, stated that it was supposed to receive Rs 236.32 crore along with 8 per cent interest under the now-revoked 'WB State Support for Industries Scheme 2013'.
Dalmia Bharat operates a
cement plant
with a capacity of four million tonnes in Paschim Midnapore district.
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Birla Corporation Ltd, another affected firm, disclosed that it was to receive Rs 55.66 crore in Industrial Promotion Assistance (IPA), already sanctioned by the West Bengal State Industrial Development Corporation (WBSIDC). Additionally, the company has an outstanding claim of Rs 138.58 crore.
Both companies fear that these incentive dues may be jeopardised due to the implementation of the
Revocation Act
.
Live Events
"This legislation is likely to adversely affect the order of the Hon'ble Calcutta High Court," a
Dalmia Bharat
official said, adding that the company is evaluating all legal options to protect its rights.
Officials of both companies said they are reviewing the legal validity and retrospective nature of the Act and are considering all avenues, including court challenges.
The West Bengal government had said in March that it had revoked eight incentive schemes for heavy industries', launched during the 1993-2013 period, and would formulate a modern scheme to encourage the setting up of industrial units.
An industry chamber official, declining to be quoted, said these are just two cases and more are expected to join the list.
During a previous discussion on the Revocation of West Bengal Incentive Schemes and Obligations in the Nature of Grants and Incentives Bill, Chief Minister Mamata Banerjee had said the situation had changed significantly over the last 20-25 years and that some of the incentives introduced by the erstwhile Left Front government had become "irrelevant" and were being withdrawn.
"Now, various works are being done on AI technology. Many new ideas and approaches have been added to the industry. Therefore, a new policy is being brought with the opinions of all concerned," Banerjee had said. A committee was also set up in this regard. PTI
