Greenpanel Industries Ltd to close manufacturing at Rudrapur plant for 10 days

Greenpanel Industries Ltd has announced that the manufacturing operations at Company's MDF plant situated at Rudrapur, Uttarakhand shall remain closed for a period of 10 days (approx.) w.e.f. November 11, 2021, due to addition of new machinery (Mat Heating System) to speed up the production process and increase the capacity utilization.

An estimated expenditure of Rs.8-10 crore (approx.) shall be incurred for addition of the above machinery and likely to result increase in production capacity of the above plant from existing 1,80,000 CBM to revised 2,1,G,OOO CBM (approx.) per annum.

Shares of Greenpanel Industries Limited was last trading in BSE at Rs. 398.50 as compared to the previous close of Rs. 404.05. The total number of shares traded during the day was 24288 in over 1384 trades.

The stock hit an intraday high of Rs. 410.00 and intraday low of 395.30. The net turnover during the day was Rs. 9742429.00.

Source : Equity Bulls

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GreenpanelIndustriesLimited INE08ZM01014 GREENPANEL PlantClosure Rudrapur