PG Electroplast shares up 9% as room AC production 'almost normalised' after LPG alternative found

The stock was up 5.76% to ₹530.69 per share on the NSE at 10:03 am. Its market capitalisation stands at 15,165.96 crore.

The company's shares are down 0.9% in the past week, while it is down 14.43% in a month. Year-to-date, it has fallen 8.11%.

The scrip had hit its 52-week high of ₹1,008 on April 23, 2025, while a year's low of ₹465 was hit on August 14, 2025.

In an exchange filing on March 25, the company said that it was able to identify and install alternative solutions at its production units for liquified petroleum gas (LPG). Post this development, the production of the room AC is almost normalised.

Earlier, the company had intimidated stakeholders about the constraints it faced regarding LPG gas, whose supply has been affected due to the ongoing war in the Middle East, thus impacting the production of room AC at some plants.

PG Electroplast said that it was constantly assessing the situation and was exploring the alternative energy sources for production.

"To ensure continued production/supplies to its customers, PGEL was able to identify and install at its production facilities alternative solution to LPG and post which the current Room AC production is almost normalized and with the current solution company has been able to address the LPG challenges to large extent for the time being," the company said.

AC stocks rise

After the announcement, shares of AC stocks are trading in the positive territory.