Syrma SGS Technology's stock has experienced a significant surge, reaching a 52-week high, driven by the company's ambitious plans to establish India's largest multi-layer Printed Circuit Board (PCB) and Copper Clad Laminate (CCL) manufacturing facility. This development has instilled strong investor confidence, propelling the stock up by 11% in just two days.
On July 10, 2025, shares of Syrma SGS Technology rose over 5%, hitting a new 52-week high of ₹682.70. This surge reflects growing optimism surrounding the company's strategic expansion and its potential to strengthen India's electronics manufacturing ecosystem. The stock is trading nearly 93 percent above its 52-week low of ₹355.05 hit in April 2025. So far in 2025, Syrma SGS has delivered a return of nearly 16 percent, with gains in five out of the first seven months. On a one-year basis, the stock has appreciated over 32 percent, reflecting strong investor confidence in the company.
The Chennai-based electronics manufacturing services firm is set to invest approximately ₹1,800 crore in developing the proposed facility at Naidupeta in Andhra Pradesh. The project is planned in partnership with South Korea's Shinhyup Electronics, which will provide technological and marketing support. Once operational, the facility is expected to significantly boost India's capability in manufacturing high-end electronic components domestically. The facility is likely to be commissioned by 2026-27 and is expected to be located in Naidupeta, near Tirupati district, to capitalize on the close proximity to Chennai, an established hub for electronics manufacturing.
The integrated manufacturing facility will not only produce multi-layer PCBs but also manufacture CCL, a fundamental raw material for PCB production. This backward integration could reduce dependency on imports and ensure a stable, cost-effective supply chain for advanced PCBs within India. The company will also develop a research and development facility for new engineering. The PCBs from this plant will be used in new-age verticals like smart metering, healthcare and medical devices, automotives and electric mobility.
Syrma SGS has been engaged in advanced discussions with the Andhra Pradesh government to secure incentives including capital subsidy, electricity duty incentives and skilling incentives. The company may also apply for incentives under the central government's PLI scheme and state-level support.
The new facility will focus on PCB design, PCB assembly, and laptop production for high-end applications used in mobile phones, automotive electronics, electric vehicles, consumer electronics, data servers, and IoT devices. The facility will offer comprehensive turnkey manufacturing services, from design to assembly, catering to various industries including the government sector, and providing end-to-end solutions for IT hardware production. Syrma SGS will implement rigorous quality assurance and quality control measures to meet world-class standards in PCB and laptop production.
This project represents a major step in India's journey towards electronics self-reliance and strengthening its position in the Electronics System Design and Manufacturing (ESDM) sector. Key benefits include reducing dependence on PCB and IT hardware imports, aligning with the 'Make in India' initiative, and benefiting from the Production-Linked Incentive (PLI) Scheme.
Shares of Syrma SGS Technology experienced a substantial uptick, gaining nearly 8% in intraday trade on July 9, following reports of the significant investment. The stock has delivered a remarkable 100% return over the past five years. The new facility is projected to contribute ₹6,200 crores to the company's overall revenue growth once fully operational. Syrma SGS Technology has demonstrated strong performance, gaining 6.04% and nearing its 52-week high.
