FAME-II subsidy violation: Hero Electric opposes Rs 130 cr refund demand

In a meeting with officials of the DHI, the company has said the period for which the government is demanding a refund of subsidies of Rs 130 crore does not apply to it

The conflict between Hero Electric and the government has intensified.

In a meeting with officials of the Ministry of Heavy Industries (MHI), the company has said the period for which the government is demanding a refund of subsidies of Rs 130 crore does not apply to it.

However, the firm is willing to offer Rs 8 crore for a brief period regarding which there is a difference of opinion between the two parties, according to a senior executive of the company.

“We operated under certifications provided by the MHI during this period, so our situation is unique,” he added.

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