Greenlam Industries rises 2% after expansion of commercial production facility

The company said that the expansion has the potential to generate revenue of Rs125cr per annum on full capacity utilization.

Sep 12, 2019 06:09 IST India Infoline News Service

Stock Exchange
Shares of Greenlam Industries rose 2% after the company announced that it has expanded its manufacturing capacity of laminates at Nalagarh, Himachal Pradesh, which is now operational.

With this expansion, the installed capacity for laminates has become 15.62mn laminate sheets per annum, the company said in the press note.

The company also said that the expansion has the potential to generate revenue of Rs125cr per annum on full capacity utilization.

The stock was quoting at Rs767.15, up 2.3% on the BSE.

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