Greenply Industries has forayed into medium density fibreboards (MDF) business. The company will set up a plant in Gujarat's Vadodara with capital expenditure of Rs 548 crore for the purpose. The greenfield facility is likely to commence operations in the last quarter of the 2022-23 fiscal.
The plant with an installed capacity of 800 cubic metre (CBM) per day will have a revenue potential of Rs 600-650 crore per annum at its peak utilization. The company has plans to produce all categories of MDF and other value-added products in a phased manner.
Greenply Industries is primarily involved in manufacturing of plywood and trading of plywood and allied products.
| Company Name | CMP |
|---|---|
| Century Plyboards(I) | 741.00 |
| Greenply Industries | 233.30 |
| Greenpanel Inds. | 211.55 |
| Archidply Inds | 75.67 |
| Duroply Industries | 143.00 |
| View more.. | |
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