PG Electroplast rises as its arm collaborates with MIDC
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PG Electroplast is currently trading at Rs. 729.70, up by 3.70 points or 0.51% from its previous closing of Rs. 726.00 on the BSE.
The scrip opened at Rs. 745.00 and has touched a high and low of Rs. 745.00 and Rs. 715.80 respectively. So far 2284 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 870.00 on 07-Jan-2022 and a 52 week low of Rs. 287.60 on 23-Aug-2021.
Last one week high and low of the scrip stood at Rs. 745.00 and Rs. 630.40 respectively. The current market cap of the company is Rs. 1553.66 crore.
The promoters holding in the company stood at 65.71%, while Institutions and Non-Institutions held 0.99% and 33.30% respectively.
PG Electroplast’s wholly owned subsidiary -- PG Technoplast has collaborated with the Maharashtra Industrial Development Corporation (MIDC) to invest Rs 315 crore to create the state’s largest Room AC Manufacturing capacities as a part of the Magnetic Maharashtra initiative.
This Megaproject will be the nation’s most vertically integrated RAC manufacturing facility and will provide a major thrust for the region’s ESDM components’ ecosystem. It will also create direct employment opportunities for over 1,500 people.
PG is working with most leading Air Conditioning brands of the nation. The level of backwards integration and the strategic location of the plant will help lower product costs and make it more affordable for the end consumers.
PG Electroplast is a trusted one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing to most leading consumer durable and electronics brands in India.
