Syrma SGS shares jumped nearly 8% on July 9 after big news broke — the company is reportedly setting up India’s biggest multi-layer PCB and CCL factory in Andhra Pradesh. The stock touched a fresh 52-week high of Rs 663, the biggest single-day gain in more than eight weeks.
This bold move is seen as a major step in India’s electronics manufacturing game. The Chennai-based tech player plans to pump in around Rs 1,800 crore into the project, which will be built in Naidupeta, Andhra Pradesh. If all goes well, this will become India’s largest Printed Circuit Board (PCB) and Copper Clad Laminate (CCL) production unit.
According to Business Standard, Syrma SGS isn’t doing this alone. It is teaming up with South Korea’s Shinhyup Electronics for tech and marketing support. Talks are already in the final stage, and the Andhra Pradesh cabinet is likely to give the green light soon.
The facility is expected to be up and running by 2026 or 2027. Once operational, the project could boost Syrma SGS’s revenue by Rs 6,200 crore, sources said. That’s a massive jump for a company already making waves in the electronics sector.
Syrma SGS may also apply for benefits under the Government of India’s production-linked incentive (PLI) scheme. The Andhra Pradesh government is also expected to offer its own support to speed up the project.
This news clearly excited the market. Syrma SGS shares have gained 17% in the past month alone. In the past year, they have climbed over 30%. Over the last five years, the stock has more than doubled, showing strong long-term faith from investors.
JP Morgan seems to agree. It has given an ‘Overweight’ rating on the stock, showing its positive outlook on Syrma SGS’s future.
For young investors and tech followers in India, this is a story to watch. A homegrown company planning such a bold expansion shows the country’s growing strength in the global electronics game. It also highlights Andhra Pradesh’s rise as a major hub for high-tech industries.
In short, Syrma SGS isn’t just building a factory. It’s making a statement.
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