Shares of PG Electroplast Ltd (PGEL) traded nearly 2% higher at Rs 522.85 on Monday after the company announced a major expansion plan through its subsidiary, PG Technoplast.
The company has acquired a 50-acre land parcel in Sri City, Andhra Pradesh, where it plans to develop a state-of-the-art integrated manufacturing campus with an investment of around Rs 1,000 crore over the next five years.
Expansion plan details:
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Phase 1 focus: A refrigerator manufacturing plant with an annual capacity of 1.2 million units, with commercial production targeted by December 2026.
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Future roadmap: The facility is designed to accommodate expansions into air conditioners, washing machines, and other home appliances & electronics.
This strategic move marks PGEL’s largest investment to date and strengthens its position as a key player in India’s consumer durables and appliances manufacturing ecosystem.
