Greenply Injects ₹30 Crore Equity to Expand UP Manufacturing Unit

In a strategic move to satisfy burgeoning demand for plywood and allied products, Greenply Industries has sanctioned an equity investment of up to ₹30 crore into its wholly-owned unit, Greenply Sandila.

The investment forms part of an overarching ₹125 crore expansion project designed to boost the Sandila plant’s output by 15 million sq. meters per annum. Currently operating at near-peak capacity (98%), the facility’s baseline capacity of 52.80 million sq. meters will be substantially expanded to alleviate operational bottlenecks. Scheduled for completion by Q4FY28, the project will be funded through parent equity support, internal cash flows, and bank loans.

News by Rahul Yelligetti.