Fully operational, the project is likely to create more than 5,000 jobs, providing direct and indirect employment and a fillip to the region's base of electronics manufacturing.
The decision was approved at the board meeting of PG Technoplast on August 28, 2025.
The deal marks PG Electroplast’s entry into the fintech hardware segment, expanding beyond consumer electronics into high-growth digital infrastructure solutions.
As per the reports, about 1.04 Crore shares or 3.70% of the outstanding share capital of the company changed hands in multiple deals.
The sale is being proposed in order to enhance liquidity and broaden institutional participation in the company, which has a market capitalisation of ₹21,930 crore on the exchanges.
Being an Electronics Manufacturing Services (EMS) company, PG Electroplast is seeing strong demand for air conditioners prior to the summer season
On the operating level, EBITDA in Q3 FY25 grew by 102.9% YoY to ₹85.2 crore. EBITDA margin increased to 8.8%, compared to 7.9% in Q3 FY24
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