PG Electroplast Limited has informed the Exchange regarding a press release dated September 26, 2025, titled "PG Electroplast Limited through its Wholly Owned Subsidiary - PG Technoplast Private Limited Acquires a 50-Acre Land Parcel in Sri City, Marks Landmark Expansion into South India ".
PGEL · price
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PG Electroplast Limited (PGEL), through its wholly owned subsidiary PG Technoplast Private Limited, has acquired a 50-acre land parcel in Sri City, Andhra Pradesh, marking its entry into South India and its largest land acquisition to date. The company plans to invest around ₹1,000 crore over the next 5 years to build an integrated manufacturing campus near Chennai port. The first phase will set up a refrigerator plant with an annual capacity of 1.2 million units, with commercial production targeted by December 2026. Future expansion will include air conditioners, washing machines, and other home appliances and electronics. The facility is expected to create over 500 jobs in the first phase and supports long-term export potential due to its strategic port proximity.
This is a significant capacity expansion announcement that strengthens PGEL's pan-India manufacturing footprint and signals long-term growth ambitions. Investors may view the ₹1,000 crore investment and revenue potential from refrigerator and appliance manufacturing positively, though execution risks and capex burden remain factors to watch.