The shares of an electronics manufacturer engaged in offering end-to-end solutions to global and Indian OEMs jumped upto 8 percent in the day’s trade after it announced a Rs 1,800 crore plan to set up India’s largest electronics components facility in Andhra Pradesh.
With a market capitalization of Rs 11,702 Crores, the share price of SGS Technology Limited was trading almost 8% up to hit an intraday high of Rs 663.60 per share from its previous closing price of Rs 615.60 per share.
What’s the News
Syrma SGS Technology, a Chennai-based electronics manufacturing company, is set to establish India’s largest multi-layer Printed Circuit Board (PCB) and Copper Clad Laminate (CCL) facility in Naidupeta, Tirupati district, Andhra Pradesh.
The company plans to invest Rs 1,800 crore in this project in collaboration with South Korea’s Shinhyup Electronics, which will provide technology and marketing support.
The new facility is aimed at boosting India’s electronics supply chain and will cater to sectors like smart metering, medical devices, automotive, and electric mobility.
Syrma SGS has applied for central government support under the Production Linked Incentive (PLI) scheme, along with state-level incentives like capital subsidies, electricity duty exemptions, and skilling support. The project is expected to be commissioned by 2026–27.
State officials say the plant’s location close to Chennai with available land and water makes it ideal for high-tech manufacturing. The company also plans to set up an R&D center at the site.
Once operational, the facility could add around Rs 6,200 crore to Syrma SGS’s topline, further strengthening its position in India’s electronics manufacturing ecosystem.
About the Company
Syrma SGS Technology Limited is a Chennai-based electronics manufacturing services (EMS) company, formed through the merger of Syrma (part of the Tandon Group) and SGS Tekniks.
With over 40 years of combined experience, the company offers end-to-end solutions to global and Indian OEMs from product design and engineering to full-scale manufacturing.
The company has 14 operational manufacturing facilities spread across 1.16 million sq. ft and 4 global R&D centers, with over 150 engineers working in design and development.
Syrma SGS serves multiple industries including automotive and electric mobility, healthcare and medical devices, industrial electronics, railways, and consumer electronics.
Key products include EV chargers, auto battery controllers, smart meters, railway interlocking systems, and medical devices. With a growing customer base and expanding business verticals, Syrma SGS continues to play a key role in India’s electronics manufacturing ecosystem.
The company reported a revenue of Rs 3,787 crore in FY25, up by 20.1 percent from its FY24 revenue of Rs 3,154 crore. Coming to its profitability, the company reported a net profit rise of 48.4% to Rs 184 crore in FY25 from Rs 124 crore in FY24. It maintains a healthy financial profile with a ROCE of 12.4% and ROE of 10.2%, reflecting efficient capital and equity utilization.
Written By Rohan Pandey
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