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Domestic Producers have announced a performance scheme for the month of May 2023 based on the APPQ for FY 2023-24

Domestic Producers have announced a performance scheme for the month of May 2023 based on the APPQ for FY 2023-24

Polymer May 5, 2023

Haldia has announced an MOU-linked scheme for May lifting in PP on 100%, 110%, and 125% of MOU quantity. The incentive amount will be declared by month-end. Haldia has announced an MOU-linked scheme for May lifting in PE on 90%, 100%, and 125% of MOU quantity. The incentive amount will be declared by month-end. The scheme is not applicable to DE and SEZ dispatches. However, the quantity will be considered for the eligibility slab. A discount will be applicable to BOE filing quantity until 27th May 2023. HMEL has also announced the incentive scheme in PP for the month of May 2023, as follows: Category 'A' (applicable for new MOU customers and for those who have signed the same or higher ARS quantity in this F.Y. 2023-24 as compared to that of the last F.Y. 2022-23). The slabs will be as under: Offtake: 75% to 99% - Rs. R1, 100% and above - Rs. R2. Category 'B' (for customers who have signed a lesser ARS quantity in this F.Y. 2023-24 as compared to the previous F.Y. 2022-23): Offtake: 100% to 124% - Rs. R1, 125% and above - Rs. R2.     The amounts of incentives shall be announced at the month-end. OPaL has announced an MOU-linked scheme for May lifting in PE & PP on 75%, 100%, and 125% of MOU quantity. The incentive amount will be declared by month-end. The scheme is not applicable to DE and SEZ dispatches. However, the quantity will be considered for the eligibility slab. A discount will be applicable to BOE filing quantity until 27th May 2023. An upper cap waiver has been declared in PE & PP for the month of May 2023 RIL has introduced the XYZ Incentive scheme for the month of May 2023 in PP. This incentive scheme offers the following incentives: 8.33% to 10% will be eligible for an incentive of Rs. X 10% to 12% will receive an incentive of Rs. Y Above 12% will receive an incentive of Rs. Z The final incentive amount will be announced at the end of the month Reliance has announced a performance scheme in PE for the month of May 2023 based on the APPQ for FY 2023-24. The scheme will be named the XYZ scheme, and the slabs will be > 8% - < 10%, > 10% - < 12%, and > 12%. All prime and non-prime grades will be included in the scheme. However, off-grade (utility) material will not be part of the scheme but will receive a discount equivalent to the first slab, in addition to the grade-specific discount. Deemed exports quantity will be considered for eligibility purposes.   PolyMart does not provide any assurances or guarantees regarding the reliability, accuracy, completeness, or quality of the information available on its website, app, or through any of its services. Therefore, the company is not responsible for any errors, omissions, loss, or damage that may result from the use of the website or app. It is advisable for users to exercise caution and independently verify any information obtained from these sources before relying on it for any purpose.