PG Electroplast (PGEL)’s operations at Supa unit MIDC, Maharashtra are impacted due to new Covid-19 restrictions imposed by the State Government of Maharashtra from April 14, 2021 till May 01, 2021.
The overall situation remains uncertain and operations of the Company in terms of production and sales could be impacted during this period. Typically, this is a peak season for the company's products such as Coolers and parts of Air-Conditioners & Refrigerators. Therefore, the financial performance could have adverse impact in 1QFY2022.
PGEL is a diversified Electronic Manufacturing Services and Plastic Injection Molding company catering to leading OEMs in Consumer Electronics and Automotive Industry.
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