Greenlam Industries Limited — Important, 23-01-2025: General Updates

Greenlam Limited has commenced commercial production of Chipboard at its Naidupeta facility in Andhra Pradesh. The facility boasts an installed capacity of 2,92,380 cubic meters per annum, with the potential to generate revenue of up to ₹750 Cr annually at full utilization. The total capital expenditure for the Chipboard project has been approximately ₹735 Cr. This expansion aligns with the company’s growth strategy, enhancing its product offering and market presence. Investors should view this as a significant development that could positively impact revenue streams and overall business performance.