Amber Enterprises to invest ₹500 cr in Punjab R&D centre for energy-efficient ACs

Contract manufacturer for HVAC, Amber Enterprises India Ltd, on Thursday (December 18), said it plans to expand its state-of-the-art research & development (R&D) centre dedicated to HVAC (heating, ventilation,

and air conditioning) products in Punjab. The initiative will leverage policies and incentives offered by the state to promote technology development.

The expansion will support the company’s focus on advancing energy-efficient technologies, strengthening its product pipeline, and meeting evolving market requirements. The R&D centre will cater to the development of commercial AC solutions and VRV systems.

Amber Enterprises said it intends to invest ₹500 crore in the facility over the period of Punjab’s incentive policy. The investment aims to accelerate innovation, enhance design capabilities, and develop sustainable energy-efficient solutions for both domestic and international markets.

Also Read: Amber Enterprises shares rise 3% after management reiterates growth guidance

In December this year, Amber Enterprises India's subsidiary, IL JIN Electronics (India) Pvt Ltd, acquired an 80% stake in Shogini Technoarts Pvt Ltd for approximately ₹506 crore, effective December 1, 2025. Following the acquisition, Shogini has become a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises.

Shogini Technoarts is among the top five PCB manufacturers in India, producing a range of printed circuit boards, including single-sided, double-sided, multi-layered, metal-clad, and flex PCBs, from its Pune facility.

The company provides PCB solutions for diverse sectors such as automotive, medical electronics, defence, industrial electronics, process control, power electronics, telecommunications, LED lighting, and computer peripherals.

Shares of Amber Enterprises India Ltd ended at ₹6,585, up by ₹4.50, or 0.068%, on the BSE today, December 18.

Also Read:Amber Enterprises board approves enabling resolution to raise up to ₹2,500 crore