New Launch9 Jul 2025, 06:51 pm
Syrma SGS Technology Ltd. Confirms Rs 1,800-Crore PCB Plant in Andhra Pradesh
AI Summary
Syrma SGS Technology Ltd. has confirmed the news about its proposed Rs 1,800-crore PCB plant in Andhra Pradesh. The company has provided a chronological sequence of events from the start of negotiations with Shinhyup Electronics Co., Ltd. to the filing of the application with the IT Secretary, GoAP. The company also stated that it is not aware of any unannounced information that could explain the movement in the trading.
Key Highlights
- Signed NDA with Shinhyup Electronics Co., Ltd. on 12/24/2024
- Non-Binding MOU signed at Chennai, India in January 2025
- Non-Binding Term Sheet signed at Chennai, India on 4/29/2025
- Application filed with MEITY for ECMS ML-PCB category on 5/22/2025
- Application filed with IT Secretary, GoAP on 6/26/2025 with detailed project report