PG Electroplast Limited has just announced the acquisition of a 50-acre land parcel in Sri City.
The land acquisition is done through its wholly-owned subsidiary PG Technoplast Private Limited ,
PGEL plans to invest around ₹1,000 crore in developing this state-of-the-art integrated manufacturing campus over the next 5 years. This facility will not only strengthen PGEL’s pan-India manufacturing footprint but also support long-term export opportunities.
The first phase will focus on a refrigerator plant with an annual capacity of 1.2 million units, with commercial production expected by December 2026.
The site is also being designed to accommodate future expansion into air-conditioners, washing machines and other home appliances and electronics.
The facility is expected to generate over 500 jobs in the region in the first phase and further contribute to Andhra Pradesh’s industrial growth and India’s vision of Atmanirbhar Bharat.