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

The company, a leading OEM for air-conditioners and supplier of components for consumer durables, EMS, and railway sub-systems, recently acquired 60 percent in Israel-based Unitronics and remains open to more acquisitions. To fund the capex, it plans to raise Rs 2,500 crore through a qualified institutional placement (QIP), to be discussed at the August 11 AGM.

Chairman & CEO Jasbir Singh said Amber has filed two proposals under the Electronics Manufacturing Component Scheme — Rs 990 crore for multi-layer PCBs via Ascent Circuits at Hosur, and Rs 3,200 crore for high-density interface PCBs in partnership with Korea Circuits at Jewar.

Currently, 70% of revenues come from consumer durables, with 30% from electronics, railways, and defence; in five years, the mix is expected to be 50-50. “AC sales will double in the next five years,” Singh projected.