PGEL’s Subsidiary Unveils New Integrated 2,00,000 sq.ft. AC Manufacturing Facility

On April 25, 2024, PG Electroplast Limited (PGEL), through an exchange filing, announced that its wholly-owned subsidiary, PG Technoplast Private Limited, achieved a significant milestone by unveiling its new marquee air conditioning (AC) manufacturing facility for North India in Bhiwadi, Rajasthan. The objective behind this strategic investment is to meet the growing demand for energy-efficient and sustainable cooling solutions in India and strengthen the company’s footprint in the rapidly growing air conditioning market.

With an amazing 2,00,000 square feet, the brand-new plant produces a wide range of split air conditioners, with installed annual capacities of 360k AC indoor units, 360k AC outdoor units, and 250k window air conditioners. The split air conditioners range in size from 0.75T to 2.0T. Its production capabilities include the production of copper tubing systems, heat exchangers, cover sheet metal components, AC units, and powder coating plants. Over 1,000 individuals will gain additional employment as a result of this unit.

In a noteworthy development this month, PG Technoplast was acknowledged for its incremental investment and sales performance in the fiscal years 2021–22 and 2022–23. As a result, PG Technoplast became the first beneficiary to receive incentives under the government’s Production Linked Incentive (PLI) scheme for the air conditioning (AC) components target segment. After entering the market just three years ago, in 2021, PG has now solidly established itself as the second-largest OEM of room air conditioners in the country.

“Today marks a noteworthy milestone for PG as we inaugurate our second integrated air conditioning manufacturing facility in Bhiwadi, Rajasthan. This facility emphasises our commitment to delivering high-quality, energy-efficient cooling solutions that cater to the evolving needs of Indian consumers. With this expanded capacity, we intend to lead innovation in the landscape of Room ACs and capture a larger portion of the North Indian AC manufacturing market. This achievement is a reflection of our dedication to excellence and our vision for a greener future,” said Mr Vishal Gupta, Managing Director (Finance), PG Electroplast Limited.

About PG Electroplast Ltd

PG Electroplast is a publicly listed one-stop solution provider for Electronic Manufacturing Services (EMS) and contract manufacturing catering to 70+ leading consumer durable, electronics, sanitaryware and automotive brands in India.

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