FIIs & DIIs Increases Stake: This Flagship Company of PG Group Acquires 50-Acre Land in Sri City with Rs 1,000 Crore Investment Plan
DSIJ Intelligence-2 / 27 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 10 per cent from its 52-week low and has given multibagger returns of 6,671 per cent in last 5 years.
PG Electroplast Limited (PGEL), through its wholly owned subsidiary PG Technoplast Private Limited (PGTL), has announced the acquisition of a 50-acre land parcel in Sri City, Andhra Pradesh. This move marks the company’s first facility in South India and also its largest land acquisition to date.
The company plans to invest around Rs 1,000 crore in developing an integrated manufacturing campus over the next 5 years. Strategically located near Chennai port, the facility is expected to strengthen PGEL’s nationwide manufacturing footprint while positioning it for future export opportunities.
In the first phase, the company will set up a refrigerator manufacturing plant with an annual capacity of 1.2 million units. Commercial production is scheduled to begin by December 2026. The site has also been planned to support future expansion into air conditioners, washing machines, and other consumer appliances and electronics.
According to Mr. Vikas Gupta, Managing Director – Operations, the project is a significant milestone for PG Group. He noted that the Sri City facility not only expands PGEL’s presence into South India but also represents its largest land acquisition. With its proximity to the port and scope for exports, the development is positioned as a long-term growth driver.
The facility is expected to generate over 500 jobs in the first phase, contributing to regional industrial growth and aligning with India’s vision of Atmanirbhar Bharat.
About Company
PG Electroplast, a Small-Cap player in the consumer electronics space, is already a leading provider of Electronic Manufacturing Services (EMS) and contract manufacturing for major consumer durable and electronics brands in India. The company has one of the largest plastic injection moulding capacities and also operates across the value chain in Original Equipment Manufacturing (OEM) and Original Design Manufacturing (ODM). Its portfolio includes washing machines, room ACs, air-coolers, and LED TVs.
The company has a market cap of over Rs 14,000 crore. The stock is up by 10 per cent from its 52-week low and has given multibagger returns of 6,671 per cent in last 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.