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Century Plyboards surges on plans of kick starting operations of two units by fiscal-end

24 Aug 2012

Century Plyboards (India) is currently trading at Rs 51.80, up by 0.65 points or 1.27% from its previous closing of Rs 51.15 on the BSE.

The scrip opened at its day’s high of Rs 53.00 and touched a low of Rs 51.80.

The BSE group 'B' stock of face value Re 1 has touched a 52 week high of Rs 70.00 on 26-Oct-2011 and a 52 week low of Rs 44.00 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs 55.00 and Rs 50.50 respectively. The current market cap of the company is Rs 1150.86 crore.

The promoters holding in the company stood at 72.88% while Institutions and Non-Institutions held 0.97% and 26.15% respectively.

Century Plyboards has decided to operationalise two units - one at Kandla in Gujarat and another in Myanmar by the end of the fiscal, as a part of the group’s Rs 2,000-crore expansion plan. It aims to invest Rs 75 crore in Kandla unit, while the unit in Myanmar will entail an investment of Rs 50 crore. Each unit has a production capacity of 25,000 sq meter of plywood a day. The company will take help of local partner for its Myanmar project.

Century Plyboards is engaged in the manufacture of a wide range of plywood such as Architect, BWR Flexible Decorative, Marine Grade and MR Grade Commercial Ply, among others. It manufactures three types of adhesive such as Centuryply Adhesive SH, Centuryply DDL Binder and Century ply SR Adhesive for various surfaces

Related Century Plyboards (India) Ltd. Links:

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