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PG Electroplast: Stock jumps after company to invest ₹1,000 Cr for new facility

PG Electroplast Limited, through its subsidiary PG Technoplast, acquires 50-acre land in Sri City, Andhra Pradesh, planning ₹1,000 crore investment to establish refrigerators and future appliance manufacturing facility.

Introduction

Leading Indian contract manufacturer expands into South India by acquiring 50-acre land in Sri City, Andhra Pradesh, planning ₹1,000 crore investment for a refrigerator plant and future appliance manufacturing facilities.

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Share price movement of PG Electroplast

On September 29, 2025, PG Electroplast Ltd opened at ₹525.90, up 2.21% from its previous close of ₹514.50. The stock touched a high of ₹526.10 and a low of ₹509.75. By 12:32 PM, it traded at ₹511.45, a 0.59% decrease, with a market cap of ₹14,529.05 crore.

PG Electroplast Acquires 50-Acre Land in Sri City

PG Electroplast Limited, through its wholly owned subsidiary PG Technoplast Private Limited, has acquired a 50-acre land parcel in Sri City, Andhra Pradesh. This marks the company’s first facility in South India.

The company plans to invest ₹1,000 crore over five years to develop an integrated manufacturing campus. The first phase will include a refrigerator plant with 1.2 million annual capacity by December 2026.

The facility, near Chennai port, will support future expansion into air conditioners, washing machines, and electronics. It is expected to generate over 500 jobs and strengthen India’s industrial growth.

Recent news on PG Electroplast

As of August 30, 2025, PG Electroplast Ltd’s subsidiary, Next Generation Manufacturers, signed an MoU with Maharashtra government to set up a ₹1,000 crore greenfield facility for consumer electronics manufacturing.

Stock performance of PG Electroplast for Period of 1 week, 6 months, and 1 year

PG Electroplast Ltd delivered a -8.26% return over the past week. The stock declined 43.8% in the past six months and fell 22.5% over the past year.

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Shareholding pattern of PG Electroplast

ParticularsJun 2025Mar 2025Dec 2024
Promoter43.70%49.40%49.40%
FII13.00%10.50%10.30%
DII18.10%16.40%16.20%
Public25.10%23.80%24.10%

About PG Electroplast

PG Electroplast Ltd (NSE: PGEL) is a leading provider of Electronic Manufacturing Services and contract manufacturing in India, with expertise in plastic injection molding and OEM/ODM products including washing machines, ACs, air-coolers, and LED TVs.

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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.

FAQs

Q: Why is PG Electroplast share price going up today?

A: PG Electroplast share price is rising after acquiring 50-acre land in Sri City and planning ₹1,000 crore investment for refrigerator manufacturing.

Q: What does PG Electroplast Ltd specialize in?

A: PG Electroplast Ltd specializes in Electronic Manufacturing Services, plastic injection molding, and OEM/ODM products like washing machines, ACs, air-coolers, and LED TVs.

Q: What is the 52-week high and low of PG Electroplast stock?

A: The 52-week high of PG Electroplast stock is ₹1,054.95, and the 52-week low is ₹471.15.

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