Shares of Greenlam Industries Ltd rose by 1% to the touch a day’s excessive of Rs 588.70 on twenty fourth January after the agency introduced yesterday that its wholly owned subsidiary, Greenlam Ltd, has commenced business manufacturing of chipboard at its manufacturing facility in Naidupeta, Andhra Pradesh, efficient right this moment.
Greenlam Industries introduced that its wholly owned subsidiary, Greenlam Ltd, has began business manufacturing of chipboard at its manufacturing facility in Naidupeta, Andhra Pradesh, efficient from twenty third January 2025.
The ability has an put in manufacturing capability of two,92,380 cubic meters per yr.
It’s anticipated to generate annual income of as much as Rs 750 crore at full capability.
The overall capital expenditure for the chipboard mission is roughly Rs 735 crore as of the graduation of manufacturing.
At the moment, the corporate’s market capitalisation stands at round Rs 7,302 crore.
At 11:22 AM, the shares of Greenlam Industries have been buying and selling 0.86% at Rs 572.40 on NSE.
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