Corporate News     17-May-22
PG Technoplast inaugurates its flagship AC manufacturing facility in Ahmednagar
PG Technoplast, a wholly owned subsidiary of PG Electroplast (PGEL), today announced the formal inauguration of its flagship AC Manufacturing facility in Supa, Ahmednagar by Baldev Singh, Additional Chief Secretary, Government of Maharashtra. The factory began commercial production earlier this year in January and is the first greenfield facility to come online under the PLI scheme for AC components. The facility is manufacturing all kinds of Split ACs ranging from 0.75T to 2.0T with installed annual capacities of 1.5 million IDUs and 1 million ODUs.

PG Technoplast had received government approval under the Production Linked Incentive (PLI) scheme for white goods under the air conditioner components category in November 2021. The company had committed a capex of Rs 321 crores over five years through this initiative. PGTL has invested Rs 160 crores in operationalizing Phase 1 of the project and has created over 1,000 new jobs. The facility is manufacturing Room AC Indoor Units, Outdoor units, plastic moulded components, painted sheet metal components, heat exchangers, cross flow fans, and is in the process of setting up manufacturing capabilities of PCB controllers for various Consumer Electronics applications.

Spread over 300,000 ft2 the facility has been designed to be sustainable, with several elements to reduce environmental impact. The facility will have a 1.47 MW solar plant, water conservation facilities, and integrated facility management systems to reduce plastic, corrugated and paper waste generation.

Previous News
  PG Electroplast allots 1600 equity shares under ESOP
 ( Corporate News - 02-Jan-24   15:43 )
  PG Electroplast to hold board meeting
 ( Corporate News - 02-Feb-24   15:07 )
  PG Electroplast consolidated net profit rises 106.16% in the June 2023 quarter
 ( Results - Announcements 04-Aug-23   16:46 )
  PG Electroplast standalone net profit declines 59.47% in the March 2023 quarter
 ( Results - Announcements 26-May-23   14:06 )
  PG Electroplast and Jaina Group to form JV for manufacturing LED televisions
 ( Corporate News - 29-May-23   11:58 )
  PG Electroplast reports standalone net profit of Rs 0.61 crore in the June 2021 quarter
 ( Results - Announcements 14-Aug-21   15:59 )
  PG Electroplast announces board meeting date
 ( Corporate News - 08-Aug-22   14:30 )
  PG Electroplast to form JV with Jaina Group
 ( Corporate News - 14-Jul-23   16:15 )
  PG Electroplast gains on inking pact with Jaina Group
 ( Hot Pursuit - 14-Jul-23   11:58 )
  PG Electroplast consolidated net profit rises 45.39% in the March 2023 quarter
 ( Results - Announcements 26-May-23   14:37 )
  Board of PG Electroplast approves allotment of 6 lakh warrants and 1.65 lakh equity shares
 ( Corporate News - 31-Mar-21   17:19 )
Other Stories
  Zydus receives USFDA approval for Enzalutamide capsules
  28-Sep-24   14:21
  Bandhan Bank announces resignation of Chief Technology Officer
  28-Sep-24   14:13
  Greenpanel Industries receives affirmation in credit rating for bank facilities
  28-Sep-24   13:21
  Akanksha Power & Infrastructure to conduct EGM
  28-Sep-24   12:50
  Saksoft acquires Bangalore-based Salesforce Summit Partner 'Ceptes Software'
  28-Sep-24   11:30
  Ola Electric plans to double its service network by Dec'24
  28-Sep-24   10:58
  Avantel wins order of Rs 44.49 cr
  28-Sep-24   10:50
  Bajel bags its maiden order in the data center segment
  28-Sep-24   10:46
  Filatex India announces cessation of directors
  28-Sep-24   10:43
  Lupin's Pithampur Unit-1 API and finished product facility concludes USFDA inspection
  28-Sep-24   10:40
Back Top