PG Electroplast gains as its arm unveils marquee air conditioning manufacturing facility in Rajasthan
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PG Electroplast is currently trading at Rs. 2012.60, up by 32.35 points or 1.63% from its previous closing of Rs. 1980.25 on the BSE.
The scrip opened at Rs. 2057.05 and has touched a high and low of Rs. 2057.05 and Rs. 1987.60 respectively. So far 2452 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2570.00 on 21-Dec-2023 and a 52 week low of Rs. 1362.70 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 2101.95 and Rs. 1898.10 respectively. The current market cap of the company is Rs. 5246.76 crore.
The promoters holding in the company stood at 53.70%, while Institutions and Non-Institutions held 21.96% and 24.33% respectively.
PG Electroplast’s wholly-owned subsidiary -- PG Technoplast has unveiled its new marquee air conditioning manufacturing facility for North India in Bhiwadi, Rajasthan. This strategic investment aims to meet the growing demand for energy-efficient and sustainable cooling solutions in India and expand the company's footprint in the rapidly growing air conditioning market.
The brand-new facility, spanning an impressive 200,000 sq.ft manufactures a comprehensive range of split ACs ranging from 0.75T to 2.0T with installed annual capacities of 360k AC Indoor Units, 360k AC Outdoor Units and 250k Window ACs. Its production capabilities, including the manufacturing of AC units, cover sheet metal components, powder coating plant, heat exchangers, and copper tubing systems. This unit will create additional employment for over 1,000 people.
The facility is designed with sustainability at its core. It features a state-of-the-art Learning Centre to educate apprentices and trainees to nurture the next generation of manufacturing talent and provide continuous on-the-job training to company’s stakeholders. It also features water conservation and integrated facility management systems to reduce plastic, corrugated, and paper waste generation.
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.
