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Greenply Industries gets nod to further invest up to Rs 30 crore in GSPL

30 Oct 2026 Evaluate

Greenply Industries (GIL) has received approval for further investment upto Rs 30 crore in one or more tranches in Equity Shares of face value of Rs 1 each of the company's wholly owned subsidiary, Greenply Sandila (GSPL) for proposed expansion of manufacturing capacity of its plywood and its allied products unit situated at Sandila, District - Hardoi, Uttar Pradesh. 

The acquisition of Equity Shares will be made by Q4 of FY2028, in one or more tranches. The company expects the near-term demand for plywood and allied products to exceed the available capacity that the company, along with its subsidiaries, presently has. Accordingly, the company's wholly owned subsidiary decided to increase its production capacity. The Board of Directors of the company at its meeting held on October 29, 2026 has approved the same. 

Greenply Industries (GIL) is engaged in manufacturing plywood. Greenply Industries is India's largest interior infrastructure company. 


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