PG Electroplast Limited is expanding its manufacturing capabilities with the acquisition of a 72-acre land parcel in Kamargaon, Ahilyanagar, Maharashtra. The investment is part of a larger plan to invest ₹1000 crores in a greenfield project. This strategic move marks a significant landmark for the company, aimed at boosting production capacity and strengthening its presence in the state of Maharashtra. The expansion is facilitated through its step-down subsidiary.
Landmark Expansion in Maharashtra
PG Electroplast Limited is set to expand its operations with the acquisition of a 72-acre land parcel located in Kamargaon, Ahilyanagar, Maharashtra. This acquisition represents a strategic move to enhance its manufacturing infrastructure and support future growth initiatives.
Investment and Project Details
The land acquisition is part of PG Electroplast’s plan to invest ₹1000 crores in a greenfield project within the same location. This substantial investment underscores the company’s commitment to expanding its manufacturing footprint. The initial announcement regarding the Memorandum of Understanding (MoU) with the Government of Maharashtra was made on August 30, 2025.
Strategic Significance
This expansion through its Step-Down Subsidiary significantly marks a pivotal moment for PG Electroplast, solidifying its commitment to growth and expansion. This move will enable the company to increase production capacity and strengthen its presence in the state of Maharashtra.
Source: BSE
