New Launch26 Sept 2025, 05:57 pm
PG Electroplast Acquires 50-Acre Land Parcel in Sri City for ₹ 21,000 Crore Investment
AI Summary
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 is the company's largest land acquisition and marks its first facility in South India. The company plans to invest around ₹ 1,000 crore in developing this state-of-the-art integrated manufacturing campus over the next 5 years. 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 is also being designed to accommodate future expansion into air conditioners, washing machines, and other home appliances and electronics.
Key Highlights
- ₹ 21,000 crore investment planned over 5 years
- First phase to start with 1.2 million refrigerator capacity by Dec 2026
- Largest land acquisition for PG Group
- Proximity to port positions facility for future exports
- Expected to generate over 500 jobs in the region in the first phase