PG Electroplast Ltd arm applies for DPIIT under PLI for White Goods

PG Electroplast Ltd through its Wholly Owned Subsidiary, PG Technoplast Private Limited, 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 committed Capex over the next five years for manufacturing Air Conditioner Components is INR 300 Crores if selected for the scheme.

Shares of PG Electroplast Limited was last trading in BSE at Rs. 407.55 as compared to the previous close of Rs. 397.5. The total number of shares traded during the day was 5738 in over 329 trades.

The stock hit an intraday high of Rs. 421 and intraday low of 383. The net turnover during the day was Rs. 2350671.

Source : Equity Bulls

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