06-09-2023 09:54 AM | Source: Accord Fintech
Greenlam Industries soars as its arm commences commercial production of Plywood and Allied products
News By Tags | #3647 #572 #6205

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

Greenlam Industries is currently trading at Rs. 440.00, up by 36.85 points or 9.14% from its previous closing of Rs. 403.15 on the BSE.

The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 446.40 and Rs. 403.00 respectively. So far 787 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 446.40 on 09-Jun-2023 and a 52 week low of Rs. 280.00 on 03-Oct-2022.

Last one week high and low of the scrip stood at Rs. 446.40 and Rs. 360.05 respectively. The current market cap of the company is Rs. 5119.70 crore.

The promoters holding in the company stood at 51.22%, while Institutions and Non-Institutions held 17.14% and 31.64% respectively.

Greenlam Industries’ subsidiary -- HG Industries has commenced commercial production of Plywood and Allied products at manufacturing facility located at Tindivanam, Tamil Nadu having installed capacity of 18.9 million square meter per annum with effect from June 09, 2023. 

The said manufacturing facility has a potential to generate revenue of Rs 400 crore per annum on full capacity utilization. The total capex incurred for the project stands at around Rs 130 crore till commencement of the commercial production.

Greenlam Industries is one of the leading laminate manufacturers and Asian market leader in decorative laminates. It is a decorative Laminates manufacturer which ensures superior design, quality and systems.