Syrma SGS Technology Limited updates on JV project for PCB and CCL in Andhra Pradesh

Syrma SGS Technology Limited has entered into a Joint Venture Agreement with Shinhyup Electronics Co. Limited, South Korea ("Shinhyup Electronics") on July 15, 2025 for manufacturing of multi-layer Printed Circuit Board (PCB) and Copper Clad Laminate (CCL) for automobile electronic equipment, home electronic appliances, IT and medical services in India.

In this regard, we wish to update that the Government of Andhra Pradesh has vide its order dated September 9, 2025, has approved the proposals of the Company as detailed below:

- Allotment of 26.70 acres of land at Menakuru Village, Naidupeta, Andhra Pradesh, to be made available by APIIC for establishing a Manufacturing and R&D facility for single, multilayer, HDI, and Flex printed circuit boards, a Copper Clad Laminate manufacturing facility and an Electronics Manufacturing Services facility.

- Incentive packages under Andhra Pradesh Electronics Components Manufacturing Policy (4.0), 2025-30, subject to the approval of the same application from Govt. of India and the AP Electronics Manufacturing Policy 4.0 (2024- 29)

- The above proposal would involve investment of around INR 1595 crores for all the projects together.

Shares of Syrma SGS Technology Limited was last trading in BSE at Rs. 847.45 as compared to the previous close of Rs. 858.90. The total number of shares traded during the day was 49892 in over 2058 trades.

The stock hit an intraday high of Rs. 873.50 and intraday low of 841.00. The net turnover during the day was Rs. 42576123.00.

Source : Equity Bulls

Keywords

SyrmaSGSTechnology INE0DYJ01015 IndustrialElectronics JVAgreement ShinhyupElectronicsCo SouthKorea PCB CCL