ADF Foods stock rises on government approval under PLI scheme

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26 Aug, 2025 12:21

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ADF Foods Industries share price rose about 2 percent intraday on January 6 after company received approval from the Union government under Production Linked Incentive (PLI) scheme for food processing industries.

"ADF Foods Industries has received approval from the Government of India under Category III pf the PLI scheme for food processing industries - incentive for undertaking branding and marketing activities abroad," company said in a regulatory filing.

The company has received the approval under Production Linked Incentive (PLI) Scheme – Category III – incentive for branding and marketing expenditure abroad.

ADF Foods would be extended financial incentive at 50% of budgeted outlay on international branding and marketing expenditure or 3% of sales of food products whichever is lower subject to a maximum incentive of Rs 61.35 crore during the scheme tenure from FY’21-22 to FY’25-26, it said in the exchange filing.

The government had announced a total outlay of Rs 10,900 Crores under the Production Linked Incentive (PLI) scheme for the Food Processing Industry under the tutelage of Ministry of Food Processing of Industries.

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At 12:56 pm ADF Foods Industries traded at Rs 887.00 apiece, up  0.41 percent on the BSE while the benchmark Sensex was down 736.16 points or 1.22% at 59,486.99.

The share touched a 52-week high of Rs 1,049 and a 52-week low of Rs 576.85 on 24 May, 2021 and 28 December, 2020, respectively.

Currently, it is trading 15.44 percent below its 52-week high and 53.77 percent above its 52-week low.