April 22, 2021
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The Directorate General of Trade Remedies (DGTR) has recommended definitive anti-dumping duty on ‘Plain Medium Density Fibre Board’ (thickness less than 6 mm) imported from Vietnam, Malaysia, Thailand and Indonesia.
Greenply Industries/ Greenpanel Industries and Century Plyboards (India) Ltd had filed the petition seeking anti-dumping probe on such fibre boards from these countries.
Plain MDF Board is a composite wood product made out of wood waste fibres glued together with urea formaldehyde resin or melamine resin by applying heat and pressure. It is widely used for partitions, modular furniture and cabinets due to its smooth and uniform finish. The current investigations does not cover within its scope laminated MDF Board.
Basic materials shares gain
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Volumes soar at Wipro Ltd counter
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Finolex Industries Ltd saw volume of 21.52 lakh shares by 14:19 IST on NSE, a 8.05 fold spurt over two-week average daily volume of 2.67 lakh shares
Polyplex Corporation Ltd, CreditAccess Grameen Ltd, Century Plyboards (India) Ltd, Linde India Ltd are among the other stocks to see a surge in volumes on NSE today, 15 April 2021.
Finolex Industries Ltd saw volume of 21.52 lakh shares by 14:19 IST on NSE, a 8.05 fold spurt over two-week average daily volume of 2.67 lakh shares. The stock increased 4.75% to Rs.146.30. Volumes stood at 2.92 lakh shares in the last session.
Polyplex Corporation Ltd saw volume of 2.51 lakh shares by 14:19 IST on NSE, a 5.05 fold spurt over two-week average daily volume of 49756 shares. The stock increased 9.17% to Rs.858.10. Volumes stood at 88717 shares in the last session.
CenturyPly engages BCG for operational & cost efficiency
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Last Updated: Apr 09, 2021, 06:47 PM IST
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Synopsis The topline will have some impact as the first quarter was nearly a washout due to lockdown. But, we had cost advantage on inputs and with cost saving measures which had been bearing fruits we hope better than last year profit, CenturyPly director Keshav Bhajanka told .
Agencies
Century said it had already taken some precautionary measures to maintain supplies in the market if any adverse situation of the second Covid wave issue arises.
Riding on the back of innovation and cost management, country s leading ply board and laminate maker, Century Plyboards India Ltd was targeting at high single digit sales growth in the current fiscal, a top company official said. The company has engaged Boston Consulting Group for operational efficiency and cost management.