Synopsis:
6 stocks under the ₹3,516 crore PLI Scheme for white goods. These companies are set to boost the production of AC and LED light components, driving India’s manufacturing growth.
Introduction:
The Government of India has approved 6 stocks under the Production Linked Incentive (PLI) Scheme for white goods in its third round. These companies have committed a total investment of ₹3,516 crore to boost domestic manufacturing.
This initiative focuses on enhancing the production of components for air conditioners and LED lights. By supporting local manufacturing, the scheme seeks to reduce import dependency and strengthen India’s position in the global supply chain.
Ram Ratna Wires Ltd
On January 20, Ram Ratna Wires Ltd (BSE: RAMRAT) opened at ₹566.80, reached a high of ₹585.10, and a low of ₹550.60, currently trading at ₹577.80, up by 3.99%. The company’s market capitalisation is ₹2,544.75 crore.
Ram Ratna Wires will manufacture copper tubes and aluminium stock for heat exchangers under the PLI scheme. The company has committed ₹253 crore. This investment will boost domestic production capabilities.
Ram Ratna Wires is a leading manufacturer of winding wires and electrical products. It supports diverse industries with innovative and high-quality solutions. The company plays a vital role in India’s electrical infrastructure.
MIRC Electronics Ltd
On January 20, MIRC Electronics Ltd (BSE: MIRCELECTR) opened at ₹22.07, reached a high of ₹23.99, and a low of ₹21.99. It is currently trading at ₹23.14, up by 3.91%. The company’s market capitalisation is ₹534.42 crore.
MIRC Electronics will produce control assemblies, motors, heat exchangers, and other components for air conditioners. The company has committed ₹51.50 crore. This will strengthen India’s white goods manufacturing sector.
MIRC Electronics, known for its brand “Onida,” specialises in consumer electronics. Its product portfolio includes LED TVs and air conditioners. The company caters to both domestic and international markets.
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Lumax Industries Ltd
On January 20, Lumax Industries Ltd (BSE: LUMAXIND) opened at ₹2,292.45, reached a high of ₹2,324.75, and a low of ₹2,292.45. It is currently trading at ₹2,314.00, up by 0.41%. The company’s market capitalisation is ₹2,163.07 crore.
Lumax Industries will focus on manufacturing LED drivers under the PLI scheme. The company has committed ₹60 crore. This investment aims to enhance the domestic production of LED components.
Lumax Industries is a prominent supplier of automotive lighting solutions. It manufactures advanced LED and halogen lighting systems. The company serves significant automobile manufacturers globally.
Uno Minda Ltd
On January 20, Uno Minda Ltd (BSE: UNOMINDA) opened at ₹1,099.85, reached a high of ₹1,101.20, and a low of ₹1,028.80. It is currently trading at ₹1,044.05, down by 3.54%. The company’s market capitalisation is ₹59,945.51 crore.
Uno Minda will manufacture LED drivers, PCBs, LED modules, and various lighting components. The company has committed ₹19.82 crore. This will expand India’s supply chain for LED products.
Uno Minda is a top-tier manufacturer of automotive components. Its offerings include lighting systems, air filters, and control systems. The company partners with global OEMs and aftermarket clients.
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Hindalco Industries Ltd
On January 20, Hindalco Industries Ltd (BSE: HINDALCO) opened at ₹619.70, reached a high of ₹621.70, and a low of ₹612.40. It is currently trading at ₹619.85, up by 0.45%. The company’s market capitalisation is ₹1,39,294.34 crore.
Hindalco Industries will manufacture aluminium stock and copper tubes for heat exchangers under the PLI scheme. The company revised its committed investment from ₹539 crore to ₹899 crore, boosting India’s manufacturing capacity.
Hindalco Industries, part of the Aditya Birla Group, is a leading producer of aluminium and copper. Its products cater to the automotive, electrical, and construction sectors. Hindalco is a global leader in metal solutions.
Voltas Ltd
On January 20, Voltas Ltd (BSE: VOLTAS) opened at ₹1,614.95, reached a high of ₹1,614.95, and a low of ₹1,531.00. It is currently trading at ₹1,550.25, down by 2.88%. The company’s market capitalisation is ₹51,295.41 crore.
Voltas will produce control assemblies, cross-flow fans, heat exchangers, and display panels for white goods. The company increased its committed investment from ₹100 crore to ₹300 crore to expand production capabilities.
Voltas, a Tata Group company, is a leader in air conditioning and engineering services. It offers energy-efficient solutions and diverse consumer appliances. Voltas is renowned for its innovation and quality.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
