PG Electroplast Limited — Updates, 21-01-2025: Press Release

Next Generation Manufacturers, a step-down subsidiary of PG Electroplast Limited, has received approval under the Production Linked Incentive (PLI) Scheme for the third round dedicated to Air Conditioner Components. The subsidiary is among 15 companies selected for this initiative and is committed to investing INR 121.35 Crores over five years. This approval highlights PG Electroplast's strong positioning in the manufacturing sector and aligns with the Indian government's initiatives for increasing domestic production and self-reliance. The company plans to bolster its infrastructure and research & development efforts to meet rising business demands while aiming to establish India as a global manufacturing hub. Positive outlook indicates significant growth potential as the company solidifies its presence in the competitive market.