Browsing Tag
Greenply Industries Limited
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Greenply Industries announces Rs 125cr Sandila expansion as plywood capacity hits 98% utilisation and Q2 profit jumps 167%
Greenply Industries Limited has announced a â‚ą125 crore plywood manufacturing expansion in Uttar Pradesh after reporting a sharp improvement in quarterly profitability. With existing plywood capacity operating at nearly 98% utilisation and additional projects already under development, the investment supports its growth strategy, although a steep share-price decline following the results suggests investors are weighing the sustainability of earnings and future capital requirements.