Greenlam Industries rises as its arm gets nod for brownfield expansion at Naidupeta Plant facility
Greenlam Industries is currently trading at Rs. 266.05, up by 0.95 points or 0.36% from its previous closing of Rs. 265.10 on the BSE.
The scrip opened at Rs. 266.70 and has touched a high and low of Rs. 267.15 and Rs. 259.85 respectively. So far 1051 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 324.98 on 06-Jan-2025 and a 52 week low of Rs. 187.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 269.40 and Rs. 259.30 respectively. The current market cap of the company is Rs. 6816.27 crore.
The promoters holding in the company stood at 50.98%, while Institutions and Non-Institutions held 16.33% and 32.68% respectively.
Greenlam Industries’ wholly-owned Subsidiary -- Greenlam has received its board approval for brownfield expansion of laminate manufacturing capacity at Naidupeta Plant, Andhra Pradesh. With new addition, the existing capacity will increase by 2.0 Mn Sheets/Boards Annually. The total investment for the said expansion is Rs 70 crore. The said expansion will be completed by Q4FY2027.
The existing facility has a production capacity of 24.52 Mn Sheets/Boards per annum (Laminate manufacturing capacity at group level) with 96% capacity utilization in Q2FY2026 (at group level).
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.
