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Wednesday 26 Feb, 2025 09:09 PM

India Ratings affirms Mahindra Finance's long-term rating at 'AAA' with 'stable' outlook Greenpanel Inds commissions new MDF plant at Andhra Pradesh Waaree Energies secures 410 MW solar module supply order from ABREL EPC Avantel bags purchase order worth Rs 2 cr from L&T KP Green Engg inks MoU with Govt of MP for renewable energy projects RailTel Corp bags multiple orders worth Rs 168 crore Caplin Point Lab's subsidiary gets USFDA approval for new eye drop solution Emcure Pharma's Maharashtra facility gets 2 USFDA observations Spicejet reports turnaround PAT of Rs 25 cr in Q3 FY25 Tata Steel acquires equity stake worth Rs 10,727-cr in subsidiary, TSHP Gland Pharma's Visakhapatnam facility gets 3 USFDA observations Bhagyanagar India spurts on securing LoA from Govt of Maharashtra CLN Energy rallies on bagging $5 million export order Prism Johnson CEO Anil Suresh Kulkarni resigns Adani Wilmar gets shareholders' nod to change firm name

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Greenpanel Inds commissions new MDF plant at Andhra Pradesh

26-Feb-25 15:20 Hrs IST

The company has commenced trial production of the thin MDF range, with thicknesses ranging from 1.5 mm to 1.7 mm, as of today.

'The commissioning of the plant experienced delays from the initially expected timeline due to the late delivery of imported plant and machinery, caused by the ongoing geopolitical crisis,' the company said in a statement.

Greenpanel Industries is India's largest manufacturer of wood panels. Its manufacturing plants in Uttarakhand and Andhra Pradesh make medium-density fibreboard (MDF), plywood, veneers, flooring, and doors.

The company's net profit declined 69.27% to Rs 8.50 crore on a 6.80% fall in sales to Rs 359.44 crore in Q3 FY25 as compared with Q3 FY24.

The scrip fell 1.04% to end at Rs 291.25 on the BSE yesterday.

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