Syrma SGS begins groundwork for new PCB manufacturing plant in Andhra Pradesh

The plant is being developed through its subsidiary, Syrma Strategic Electronics Private Ltd, and is positioned to strengthen the company’s role within India’s fast-growing electronics manufacturing ecosystem. Shares of Syrma SGS Technology Ltd ended at ₹812.45, down by ₹8.25, or 1.01%, on the BSE. Electronics manufacturing services company Syrma SGS Technology Ltd on Monday (December 1) said it has begun construction of a new state-of-the-art printed circuit board manufacturing facility in Andhra Pradesh. The plant is being developed through its subsidiary, Syrma Strategic Electronics Private Ltd, and is positioned to strengthen the company’s role within India’s fast-growing electronics manufacturing ecosystem. Located in the Naidupeta Industrial Zone, the upcoming unit is planned to manufacture a full spectrum of PCBs, including single-layer and multi-layer variants. The facility is intended to expand Syrma SGS’s production capabilities and reinforce its position as a key contributor to the domestic electronics sector. Also Read: Syrma SGS Technologies Q2: Net profit nearly doubles, revenue up 37.6% The project is also set to create more than 1,000 direct jobs, generating opportunities for local talent and supporting economic development in the region. The company expects the new plant to aid in the broader rise of Naidupeta as an emerging industrial hub. Alongside the capacity expansion, the company has formed a joint venture with South Korea’s Shinhyup Electronics (SH Electronics Ltd), a company known for its strong expertise in PCB engineering. The collaboration pairs Shinhyup's global engineering precision with India’s fast-rising manufacturing strength. Together, they create a platform that enriches capability, sharpens quality, and positions the new facility for stronger competitiveness. Shares of Syrma SGS Technology Ltd ended at ₹812.45, down by ₹8.25, or 1.01%, on the BSE. Also Read: Syrma SGS shares near 52-week high after Defence, Maritime foray, Q2 results Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!