Amber Enterprises Ltd has announced plans to expand its HVAC-focused R&D Centre in Punjab with a ₹500 crore investment, leveraging state incentives to drive innovation and sustainable product development for both domestic and global markets.
Amber Enterprises Ltd has informed the stock exchanges about its ambitious plan to expand its Research & Development (R&D) Centre dedicated to HVAC products in Punjab. The company will invest ₹500 crore over the duration of Punjab’s incentive policy, aiming to accelerate innovation and enhance its product pipeline, particularly in commercial AC solutions and VRV systems.
This expansion aligns with the company’s strategic vision to meet evolving market requirements and promote energy-efficient technologies. By capitalizing on Punjab’s supportive policies and incentives, Amber Enterprises seeks to strengthen its design capabilities and foster sustainable solutions for a wider customer base.
Key Highlights:
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Amber Enterprises to invest ₹500 crore in expanding its HVAC R&D Centre in Punjab.
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Initiative leverages Punjab’s incentive policy to promote technological development.
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Focus on advancing energy-efficient HVAC products, including commercial ACs and VRV systems.
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Expansion will boost innovation and design capabilities for domestic and global markets.
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Move reaffirms the company’s commitment to sustainable and evolving product requirements.
Source: Amber Enterprises Ltd Corporate Announcement, NSE/BSE.