PG Electroplast Limited Begins LED TV Manufacturing

PG Electroplast Limited (PGEL) has begun manufacturing LED Televisions for two customers at its Greater Noida facility. It has an installed capacity of 500,000 units of televisions with screen sizes up to 70 inches. It is a fully integrated facility with SMT lines for PCB Assembly, Clean Room for LCM Module Assembly, Final Product Assembly and Plastic Moulding.

Commenting on the occasion, Mr. Vikas Gupta, Managing Director (Operations)- PGEL said, "Televisions have been a large part of PG's history and legacy, and it gives us great pleasure to announce that PG has re-entered the business of manufacturing TVs. The government's vison for an Atmanirbhar Bharat and support to the industry has been immense. We identified a lot of synergies for TV manufacturing with our existing businesses, and see this vertical as a good opportunity to scale up our electronics business."

Shares of PG Electroplast Limited was last trading in BSE at Rs. 776.60 as compared to the previous close of Rs. 774.25. The total number of shares traded during the day was 82294 in over 5799 trades.

The stock hit an intraday high of Rs. 823.15 and intraday low of 770.00. The net turnover during the day was Rs. 65333572.00.

Source : Equity Bulls

Keywords

PGElectroplast INE457L01011 PGEL ConsumerElectronics LEDTelevisions GreaterNodia