Property23 Jan 2026, 01:05 pm
PG Electroplast Expands in Maharashtra with Land Acquisition and Greenfield Project
AI Summary
PG Electroplast Limited, through its Step-Down Subsidiary - Next Generation Manufacturers Private Limited, has completed the acquisition of a 72-Acre Land Parcel in Kamargaon, Ahilyanagar. This land acquisition marks a significant expansion in the State of Maharashtra. The acquisition comes after the company's submission dated August 30, 2025, intimating the entrance of a Memorandum of Understanding with the Government of Maharashtra to invest Z1000 crores in a greenfield project at the same location in the first phase.
Key Highlights
- PG Electroplast's Step-Down Subsidiary, Next Generation Manufacturers Private Limited, acquires 72-Acre Land Parcel in Kamargaon, Ahilyanagar
- This acquisition marks a significant expansion in Maharashtra
- The acquisition follows a MoU with the Government of Maharashtra to invest Z1000 crores in a greenfield project
- The greenfield project is part of the first phase of expansion
- The expansion is a significant development in PG Electroplast's growth story