Greenply Industries Ltd updates on Gabon operations

Greenply Industries Ltd has announced that the manufacturing operations at the unit of Greenply Gabon SA, Gabon, step-down wholly owned subsidiary of the Company, situated at NKOK SEZ, Gabon, West Africa, have been partially affected due to the present political unrest in Gabon. As per the information available with us, the military has asked the businesses to resume normal operations today itself and is working on restoring normalcy.

Based on the present scenario, we don't see any significant incremental impact of this situation on the financial performance of the unit.

Shares of Greenply Industries Limited was last trading in BSE at Rs. 160.35 as compared to the previous close of Rs. 164.80. The total number of shares traded during the day was 38129 in over 1410 trades.

The stock hit an intraday high of Rs. 166.45 and intraday low of 159.80. The net turnover during the day was Rs. 6176026.00.

Source : Equity Bulls

Keywords

GreenplyIndustries INE461C01038 Gabon OperationsUpdate