PG Electroplast (PGEL), a leader in the plastic moulding and electronic manufacturing services, has started 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, 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 the company gained Rs 37 or 4.76%, to settle at Rs 813.60. The total volume of shares traded was 54,460 at the BSE (Wednesday).
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