The existing capacity of the company for Plywood production 300000 CBM per year and existing capacity utilization 54% for the year ended March 2021 (Q4-FY21- 77%). The proposed capacity addition will be 60000 CBM per year and is expected to be added by Q1FY23. Investment required to set up the unit ~Rs75cr.
“Increasing demand; proximity to principal source of raw material; availability of man-power,” company shared the rationale on Wednesday behind adding the capacity.
At around 1.45 pm, Century Plyboards (India) Ltd was trading at Rs413.10 per piece up by Rs3.55 or 0.87% from its previous closing of Rs409.55 per piece on the BSE.