PG Electroplast, or PGEL, has exciting news! The company has signed an agreement with Whirlpool of India to produce some washing machines with the Whirlpool brand name. This partnership means that PGEL will build these washers at their factory in Roorkee.
PGEL is already known for making Whirlpool-branded air conditioners, and now they are expanding their work together. Vikas Gupta, PGEL’s Managing Director, expressed his happiness about this partnership. He believes it will help both companies grow and create better products for customers.
PG Electroplast is a major player in the manufacturing world, providing services for many big electronics and consumer brands in India. They specialize in making items like air conditioners, washing machines, air coolers, and LED TVs.
The news has had a positive impact on PGEL’s stock price. In fact, PGEL shares have skyrocketed by over 293% in the past year and about 304% this year alone. On Monday, their shares closed at Rs 964.15 on the BSE, reaching a 5% increase
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