Greenpanel Industries Limited — Important, 26-02-2025: Capacity addition

Greenpanel Industries has successfully commissioned a new MDF plant at its existing unit in the Tirupati district of Andhra Pradesh, equipped with an installed capacity of 2,31,000 CBM per annum. Trial production of the thin MDF range, with thicknesses between 1.5 mm and 1.7 mm, has commenced. However, delays in commissioning occurred due to the late delivery of imported machinery, attributed to ongoing geopolitical tensions. The company will provide updates as commercial production is set to begin. This development underscores Greenpanel's strategic push to enhance production capabilities amidst challenging global conditions, presenting potential growth opportunities for investors.