PG Technoplast Acquires 50-Acre Land in Sri City, Marks Major Expansion into South India.

PG Electroplast Limited (PGEL), through its wholly owned subsidiary PG Technoplast Private Limited (PGTL), announced the acquisition of a 50-acre land parcel in Sri City, Andhra Pradesh, marking the company’s first manufacturing facility in South India and its largest land acquisition to date.

PGEL plans to invest approximately ₹1,000 crore over the next five years to develop a state-of-the-art integrated manufacturing campus near Chennai port. The facility will enhance PGEL’s pan-India manufacturing presence and support long-term export opportunities.

The initial phase will focus on setting up a refrigerator manufacturing plant with an annual production capacity of 1.2 million units, targeting commercial production by December 2026. The site is also being designed to accommodate future expansion into air conditioners, washing machines, and other home appliances and electronics.

Commenting on the milestone, Mr. Vikas Gupta, Managing Director - Operations, said, “This is an emotional and proud milestone for the PG Group. 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.”

The new facility is expected to generate over 500 jobs in its first phase, contributing significantly to Andhra Pradesh’s industrial growth and aligning with India’s vision of Atmanirbhar Bharat.