Page 2 - Pg Electroplast
PG Electroplast soars 14% as Rs 500 cr QIP issue opens
The consumer electronics proposed to raise around Rs 500 crore through QIP, fixed the floor price of Rs 1641.09 per equity share for the issue.
 "PG Electroplast soars 14% as Rs 500 cr QIP issue opens")
PG Electroplast forms joint venture with Jaina Group to manufacture LED TV
PG Electroplast Ltd, a contract manufacturer in the consumer electronics and appliances space, would set up a joint venture (JV) which will initially undertake ODM manufacturing of Google-certified LED televisions. The JV will have an option later to expand the partnership to include products like refrigerators, IT hardware, wearables, and hearables, said a joint statement on Monday. "Post the execution of mutually acceptable agreements by the parties, the JV Company will be 50 per cent owned by PG Electroplast & 50 per cent owned by Jaina Group," it said. Jaina Group owns and operates four brands of Karbonn, Gionee, Sansui, and Sens, and it is among three Google ODM licensees. Commenting on the development Jaina Group Founder and Managing Director Pardeep Jain said: "This partnership will strengthen India's electronics manufacturing industry & contribute towards the goal of an Atmanirbhar Bharat. With PGEL's manufacturing pedigree & our deep experience in consumer ...
 "PG Electroplast forms joint venture with Jaina Group to manufacture LED TV")
This consumer electronics stock zoomed 2500% in 2 years; hits new high
The stock of PG Electroplast has surged 30 per cent in two days after the company posted strong operational performance in March 2022 quarter (Q4FY22) that signaled robust outlook.
 "This consumer electronics stock zoomed 2500% in 2 years; hits new high")
PG Electroplast to invest Rs 100 cr to expand its Ahmednagar plant
The expansion will create over 600 jobs locally and enable the company to improve both its capabilities and capacities for manufacturing Air Conditioners and other appliances, said PGEL in a statement
 "PG Electroplast to invest Rs 100 cr to expand its Ahmednagar plant")
PG Electroplast zooms 90% in 16 trading days, hits over two-year high
The management sees increased opportunities in the existing and new clients and based on the current business environment
 "PG Electroplast zooms 90% in 16 trading days, hits over two-year high")
PG Electroplast surges 25% in two trading sessions
The stock rallied 11% to Rs 187, extending its Thursday over 14% surge on the BSE.
 "PG Electroplast surges 25% in two trading sessions")
