Shares of Amber Enterprises India Ltd surged 1% to reach a day’s high of Rs 6,671.50 on 19th December, after the company announced on Thursday, 18th December, that it plans to expand its state-of-the-art research & development (R&D) centre in Punjab, dedicated to HVAC (heating, ventilation, and air conditioning) products. The initiative aims to leverage the state’s policies and incentives to promote technology development.

Amber Enterprises is expanding its focus on energy-efficient technologies by enhancing its product pipeline to meet changing market needs. The Punjab R&D centre will develop commercial AC solutions and VRV systems.

The company plans to invest Rs 500 crore in the facility under Punjab’s incentive policy. This investment aims to boost innovation, improve design capabilities, and create sustainable, energy-efficient solutions for both domestic and global markets.

In December, Amber’s subsidiary IL JIN Electronics (India) Pvt Ltd acquired an 80% stake in Shogini Technoarts Pvt Ltd for around Rs 506 crore. This acquisition was effective 1st December, 2025. Shogini is now a subsidiary of IL JIN and a step-down subsidiary of Amber Enterprises.

Shogini Technoarts is one of India’s top five PCB manufacturers. It produces single-sided, double-sided, multi-layered, metal-clad, and flexible PCBs from its Pune facility. It serves sectors including automotive, medical electronics, defence, industrial electronics, process control, power electronics, telecommunications, LED lighting, and computer peripherals.

At 12:24 PM, shares of Amber Enterprises were trading 0.99% higher at Rs 6,651 on NSE.

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