# 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.

- Type: Expansion
- Announced: 2021-06-28
- Where: Ahmednagar, Maharashtra, India
- Value: $13.4M (1.00B INR)
- Starts operating: Dec 2021
- Status: announced
- Capacity: 1 million air-conditioners per year in first phase
- Products: air-conditioners
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [PG Electroplast](https://endata.com/companies/7754.md)

## Sources

- [indianretailer.com](https://indianretailer.com/news/pg-electroplast-lines-up-rs-100-cr-investment-for-fy22-to-enhance-ac-manufacturing-capacity.n11028), 2021-06-28: "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."
- [thermalcontrolmagazine.com](https://www.thermalcontrolmagazine.com/news/pg-electroplast-lines-up-%e2%82%b9-100-crore-investments-for-fy22-to-focus-on-enhancing-ac-manufacturing-capacity/), 2021-07-02: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.