PG Electroplast has acquired a 50-acre land parcel in Sri City, Andhra Pradesh, through its subsidiary, PG Technoplast Private Limited. This acquisition will support a new integrated manufacturing campus with an investment of ₹1,000 crore over the next five years. The first phase includes a refrigerator plant with a capacity of 1.2 million units annually, slated for completion by December 2026.
Strategic Land Acquisition
PG Electroplast Limited (“PGEL”) through its Wholly Owned Subsidiary PG Technoplast Private Limited (“PGTL”), has announced the acquisition of a 50-acre land parcel in Sri City, Andhra Pradesh. This acquisition marks PG Group’s first facility in South India and represents its largest land acquisition to date.
Investment and Expansion Plans
PGEL plans to invest around ₹1,000 crore in developing an integrated manufacturing campus over the next 5 years. Located near Chennai port, this facility will strengthen PGEL’s manufacturing footprint and support long-term export opportunities.
First Phase: Refrigerator Plant
The first phase will focus on a refrigerator plant with an annual capacity of 1.2 million units, with commercial production expected by December 2026. The site will also accommodate expansion into air conditioners, washing machines, and other home appliances and electronics.
Leadership Perspective
Mr. Vikas Gupta, Managing Director – Operations, said, “This is an emotional and proud milestone for the PG Group. Sri City marks our very first step into South India and also our largest land acquisition so far. It reflects our deep commitment to building for the long term, not just for our customers but also for the communities we will engage with.”
Job Creation and Economic Impact
The facility is expected to generate over 500 jobs in the region in the first phase and further contribute to Andhra Pradesh’s industrial growth.
Source: BSE
