By Malvika Gurung
Investing.com -- The flagship company of PG Group, among the leading players in the Electronic Manufacturing Services in India, PG Electroplast Ltd (NS:PGEL) (PGEL) has commenced the manufacturing of LED Televisions at its Greater Noida facility.
On Wednesday, the company was reported to have started the production of LED TVs for two of its customers.
Shares of the industrial mould manufacturing company surged 5.54% after this announcement, trading at Rs 820 apiece while drafting this report.
The Noida facility, where the production has begun, has an annual capacity of installing about 5 lakh units of LED televisions with screen sizes of up to 70 inches.
The company has stated that after a long halt, it has r-entered the television manufacturing business, backed by the government’s vision for supporting domestic companies, to build an Atmanirbhar Bharat.
The company believes that it has the potential to necessarily scale up the country’s current electronics market. PG Electroplast’s Greater Noida facility is a fully integrated facility with SMT lines for PCB Assembly, Clean Room for LCM Module Assembly, Final Product Assembly and Plastic Mould states a live news report.