Amber to Invest ₹4,200 Crore in New PCB Plants in TN, UP

Amber Enterprises plans to invest Rs 4,200 crore to expand its printed circuit board (PCB) manufacturing capacity, with new facilities proposed in Hosur, Tamil Nadu, and Jewar, Uttar Pradesh.

A leading OEM in the air-conditioning sector and supplier to consumer durables, electronics, and railway sub-systems, the company recently acquired a 60% stake in Israel-based Unitronics and remains open to further acquisitions. To fund its expansion, Amber intends to raise Rs 2,500 crore through a qualified institutional placement (QIP), subject to approval at its August 11 AGM.

Chairman & CEO Jasbir Singh stated that the company has submitted two proposals under the Electronics Manufacturing Component Scheme: Rs 990 crore for multi-layer PCBs through Ascent Circuits in Hosur, and Rs 3,200 crore for high-density interface PCBs in collaboration with Korea Circuits at Jewar.

Currently, 70% of Amber’s revenue comes from consumer durables, with the remaining 30% from electronics, railways, and defence. The company aims to shift this mix to 50:50 over the next five years. Singh also projected a doubling of AC sales during this period.

News by Rahul Yelligetti.