PG Electroplast Limited, through its wholly owned subsidiary PG Technoplast Private Limited, has acquired a 50-acre land parcel in Sri City, Andhra Pradesh. The company plans to invest INR 10 billion over the next five years to develop an integrated manufacturing campus, marking its first facility in South India and its largest land acquisition to date.
The first phase of the project will focus on establishing a refrigerator manufacturing plant with an annual capacity of 1.2 million units, with commercial production expected to begin by December 2026. The site is designed to allow for future expansion into air conditioners, washing machines, and other home appliances and electronics.
“Sri City marks our very first step into South India and also our largest land acquisition so far. It reflects our deep commitment to building for the long term, not just for our customers but also for the communities we will engage with. The facility’s scale, its proximity to the port, and its potential for exports make this a transformative chapter in our journey,” said Vikas Gupta, Managing Director – Operations.
The development is expected to create over 500 jobs in the first phase.
PG Electroplast provides electronic manufacturing services and contract manufacturing solutions for consumer durable and electronics brands in India. The company has large-scale plastic injection moulding operations and offers products across the value chain, including washing machines, air conditioners, air coolers, and LED televisions.
