PGELPlant Genetic Engineering Laboratory
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CRISIL believes that PG Group's financial risk profile is expected to improve after the infusion of equity capital after the proposed Initial Public Offer (IPO) of PGEL. CRISIL also expects its geographical and customer diversity to improve over the medium term supported by planned expansion of the plastic injection moulding capacity of the group near Pune.
PGEL is setting up two units for manufacturing plastic injection mouldings in Pune and Greater Noida.
For arriving at its ratings, CRISIL has combined the business and financial risk profiles of PGEL and Bigesto Technologies Ltd2 (Bigesto), together referred to as the PG group.