The buy and sell data for the month showed the fund house is continuing with its policy of banking on re-rating candidates. Old economy stocks topped the list of items in its cart for April.
At meeting held on 10 May 2021The Board of Greenply Industries at its meeting held on 10 May 2021 has approved the incorporation of a wholly owned subsidiary of the Company in India for manufacturing of plywood and its allied products. The Board also approved setting-up of a new unit in Sandila Industrial Area, Sandila, Dist.- Hardoi, Uttar Pradesh, for manufacturing of plywood and its allied products by the said proposed wholly owned subsidiary.
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The board of Greenply Industries has approved incorporation of a wholly owned subsidiary of the company in India for manufacturing of plywood and its allied products.
The board also approved setting-up of a new unit in Sandila Industrial Area, Hardoi, Uttar Pradesh, for manufacturing plywood and its allied products by the said proposed wholly owned subsidiary.
For plywood and its allied products, the company s existing capacity is 24.90 million square meter per annum. The capacity utilization of the same was 142% for year ended March 2020.
The capacity addition by the company s proposed wholly owned subsidiary would be 13.50 million square meter per annum. The capacity is expected to be operational by Q4 FY22.
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