PG Electroplast's subsidiary sets Rs300cr CAPEX for manufacturing AC components in PLI scheme

The company said that the Committed Capex over the next five years for manufacturing Air Conditioner Components is Rs300cr if selected for the scheme.

Sep 16, 2021 05:09 IST India Infoline News Service

PG Electroplast's wholly-owned subsidiary, PG Technoplast has applied for the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India’s "Production Linked Incentive Scheme (PLI) for White Goods (Air Conditioners) under the AC Components target segment for a ‘Normal Investment’.

The company said that the Committed Capex over the next five years for manufacturing Air Conditioner Components is Rs300cr if selected for the scheme.

On Sensex, PG Electroplast was trading at Rs408.75 per piece flat compared to the previous closing.

The stock has touched an intraday high and low of Rs420.95 per piece and Rs390 per piece respectively.

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