PG Electroplast (PGEL) has lined up an investment of Rs 100 crore for the ongoing fiscal year (FY22), of which the majority will be spent on setting up a new air-conditioner manufacturing plant at Ahmednagar in Maharashtra.
The company, which had to put on hold its CAPEX plans when the first wave of COVID-19 pandemic hit India last year, is now going ahead with its planned expansions and is also planning to apply for the PLI scheme for air-conditioners.
PGEL is a diversified Electronic Manufacturing Services and Plastic Injection Molding company catering to leading OEMs in Consumer Electronics and Automotive Industry.
