GRP Limited — Important, 25-03-2025: Commencement of commercial production/operations

GRP Limited has announced a board meeting to discuss the commencement of commercial production of Crumb Rubber at their new manufacturing unit in Solapur, Maharashtra, effective March 24, 2025. The new facility will add a production capacity of 31,875 MT per annum, supported by an investment of ₹25 crores, financed through ₹18 crores in borrowings and ₹7 crores in internal accruals. This expansion aims to meet the rising demand for Crumb Rubber across various sectors like tyre manufacturing and road surfacing. Investors may view this update positively, recognizing the potential for increased revenue and market opportunities.