EPACK Durable wins Andhra Pradesh nod for Rs 1,084 crore manufacturing expansion at Sri City
The ODM secured an incentive package to expand production of ACs, washing machines, TVs and appliances across 36.41 acres at Sri City, with a 50% capital subsidy and ~1,600 jobs. EPACK Durable commits Rs 314.31 crore and unit EMTPL Rs 770 crore under the state's Electronics Manufacturing Policy.
What happened
Epack Durable · EPACK Durable, an ODM for consumer durable brands, won Andhra Pradesh approval for a Rs 1,084 crore incentive package to expand manufacturing of
Key facts
- Rs 1,084.31 crore total
- Rs 314.31 crore EPACK Durable
- Rs 770 crore EMTPL
- 36.41 acres land
- Rs 60 lakh per acre
- 50% capital subsidy
- 1,600 jobs
Why this matters
State-backed incentive alignment under Andhra Pradesh's Electronics Manufacturing Policy strengthens EPACK's ODM positioning and creates a template for further multi-category capacity partnerships.
What to watch
- Commissioning date and phase-1 line commencement
- Utilization rates and capacity ramp disclosures in quarterly results
- New client/anchor OEM contract announcements
- Timing and quantum of actual subsidy disbursement vs sanctioned
- Durables demand indicators (AC/appliance seasonal offtake, PLI policy shifts)
- Margin trajectory amid ODM pricing pressure
- EPACK to finalize land handover and phased construction timeline at Sri City
- Sign or expand ODM/OEM offtake agreements to underwrite new capacity
- Draw down staggered state incentives against capex milestones
- Hire and train toward the ~1,600 headcount, prioritizing AC and washing machine lines
- Guide investors on capex phasing between EPACK (Rs 314cr) and EMTPL (Rs 770cr)