HG Industries has received approval from board of directors to set up a greenfield project for manufacturing of Plywood and allied products at Tindivanam, Tamilnadu. Proposed capacity addition to 18.9 million square meter and to be operationalized by 4th quarter of Financial Year 2022-23. Investment required is Rs 125 crore. The Board of Directors of the company at its meeting held on December 13, 2021, has approved the same.
HG Industries (formerly Himalaya Industries) was engaged in business of manufacturing, producing and marketing of granites and monuments having a sole manufacturing facility in Tindivanam, Tamilnadu.
