Greenlam Industries zooms on commencing commercial production at laminate manufacturing facility in Gujarat
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Greenlam Industries is currently trading at Rs. 366.90, up by 10.75 points or 3.02% from its previous closing of Rs. 356.15 on the BSE.
The scrip opened at Rs. 367.05 and has touched a high and low of Rs. 377.00 and Rs. 361.30 respectively. So far 8529 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 415.90 on 19-Apr-2022 and a 52 week low of Rs. 250.00 on 20-Aug-2021.
Last one week high and low of the scrip stood at Rs. 377.00 and Rs. 317.00 respectively. The current market cap of the company is Rs. 4659.36 crore.
The promoters holding in the company stood at 53.90%, while Institutions and Non-Institutions held 15.72% and 30.39% respectively.
Greenlam Industries has commenced commercial production at its laminate manufacturing facility situated at Village Oran, TaIuka Prantij, District Sabarkantha, Gujarat, with effect from August 20, 2022, which has a potential to generate revenue of Rs 150 crore per annum on full capacity utilization. With this, the present installed capacity of the company for laminates has become 19.02 million laminate sheets per annum.
Further, the upgradation of the said manufacturing facility is under progress and the same is expected to be operationalized by Q4FY23. Post upgradation the installed capacity of the said laminate manufacturing facility will become 5.4 million laminate sheets per annum and will have a potential to generate revenue of Rs 250 crore per annum on full capacity utilization.
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.
