Amber Enterprises India Limited conducted the groundbreaking ceremony for two advanced manufacturing facilities at YIEDA, near Noida International Airport in Jewar, Uttar Pradesh, on June 27, 2026. The event marks a decisive step in the group's expansion to build large-scale technology-intensive manufacturing capabilities, further advancing the vision of 'Aatmanirbhar Bharat'. The ceremony was attended by key dignitaries including Shri Yogi Adityanath, Hon'ble Chief Minister of Uttar Pradesh, Shri Ashwini Vaishnaw, Hon'ble Union Minister for Railways, Information & Broadcasting, Electronics & Information Technology, and Shri Bhupender Yadav, Hon'ble Union Minister of Environment, Forest and Climate Change.

The new projects include a facility for advanced HDI PCBs manufacturing by Ascent-K Circuit Private Limited, spanning 16 acres, and an Ultra Mega AC manufacturing facility by Amber Group spanning 100 acres. The PCB facility is approved under the Electronics Component Manufacturing Scheme (ECMS) by the Ministry of Electronics and Information Technology (MeitY) and brings together the expertise of Ascent Circuits and Korea Circuit Co. The AC facility aims to boost domestic production and scale in a phased manner.

Key Details

Mr. Jasbir Singh, Executive Chairman and CEO of Amber Group, stated that the expansion will deepen domestic value addition and foster innovation in the highly import-dependent PCB segment, while creating employment opportunities in the state of Uttar Pradesh. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Amber Enterprises India Limited has disclosed the operational and financial roadmap for its manufacturing collaboration with Oppo Mobiles India Private Limited. The agreement, executed on June 18, 2026, covers the production of mobile phones for Oppo, OnePlus, and Realme brands. Management expects trial production to commence in Q4 FY27, with commercial production starting in Q1 FY28.

The company plans to begin with approximately 8 million units in the first year, with a calibrated ramp-up targeting 13 million to 15 million units in the second year. Manufacturing will be carried out at an existing facility under a sublease arrangement with Oppo India, a structure that does not require Press Note 3 approval. The capital expenditure for the initial assembly and SMT operations is expected to be minimal, below ₹50 crore.

Financial and Operational Context

Jasbir Singh, Executive Chairman and CEO, highlighted that the collaboration marks Amber Group's entry into the consumer electronics industry. The deal leverages Oppo's global product expertise and Amber's manufacturing scale. The arrangement is asset-light and structurally low on working capital intensity, with net-working capital days estimated between 4 and 10 days.

Strategic Outlook

Management anticipates returns on capital employed (ROCE) to exceed 30% on a standalone basis for the assembly business. While initial EBITDA margins are expected to be in line with industry standards of 1.5% to 2%, the company aims to improve margins through progressive local value addition. The roadmap includes moving from assembly and SMT operations to high-density interconnect printed circuit boards over the next five years, potentially increasing local value addition to 35%–40%.

The collaboration is intended to diversify Amber's revenue profile and reduce the seasonal concentration inherent in its room air conditioner business. Amber Group reported a revenue from operations of INR 12,186 crores for the financial year ended March 31, 2026, while Oppo Mobiles India Private Limited recorded a revenue from operations of INR 31,981 crores for the financial year ended March 31, 2025.