PG Electroplast to invest Rs 100 crore in AC plant and capacity expansion

PG Electroplast has lined up an investment of Rs 100 crore for FY22, mostly to set up a new air-conditioner manufacturing plant in Ahmednagar, Maharashtra, and expand capacity at its Greater Noida plant. The Ahmednagar plant should start production by December 2021.

“We have a large CapEx coming up for expanding our capabilities and capacities in the air-conditioning segment and we are putting up a complete greenfield plant for which we acquired a land parcel of 10 acres around three months back.”indianretailer.com

• 2 sources
• indianretailer.comPG Electroplast Lines Up Rs 100 cr Investment for FY22; to Enhance AC Manufacturing Capacity - Indian RetailerIndian Retailer BureauJun 28, 2021
• thermalcontrolmagazine.comPG Electroplast lines up ₹ 100 crore investments for FY22; to focus on enhancing AC manufacturing capacityTCBU EditorialJul 2, 2021

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