Hot Pursuit     05-May-23
Greenply Inds soars after unit starts commercial production of MDF
Greenply Industries surged 9.47% to Rs 156 after the company said its subsidiary has started commercial production of medium-density fibreboard (MDF) at its unit situated at Vadodara in Gujarat.
Earlier on 17 March 2023, the company informed that its wholly owned subsidiary, Greenply Speciality Panels (formerly known as Baahu Panels), started trial production of MDF at its unit situated at Vadodara in Gujarat.

Greenply manufactures plywood in India for furniture & other applications along with blockboards, doors, decorative veneers, PVC & more. It reported a consolidated net profit of Rs 36.04 crore, up by 20.86% in Q4 of FY22 compared to the same period last year. Net sales for the quarter ended in December 2022 was Rs 428.19 crore, a 1.69% increase from the previous year.

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