Century Plyboards aims Rs 650 cr capex
Products

Century Plyboards aims Rs 650 cr capex

With an improvement in demand in the post-Covid era, Century Plyboards is planning a Rs 650 crore capital expenditure (capex), its largest in recent times, over the next two years.

The company will add a greenfield plant, medium-density fibreboard (MDF) unit in South India at an estimated cost of Rs 450 crore. The unit is expected to be operational by financial year (FY) 2023. Details of the state where the unit would come up and its capacity are yet to be finalised.

The other aspect is related to brownfield expansion. The company is ramping up capacities at its MDF plant at Hoshiarpur in Punjab by 67% (from 600 cu m per day to 1,000 cu m per day) at an estimated cost of Rs 200 crore. Commercial production will start in the next 12 months.

Check wood prices in India here

According to the company, nearly 80% of the capex will be funded through internal accruals, and 20% would be through debt.


Make in Steel 2021

24 February 

Click for event info


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Currently, the company’s plywood and laminate units operate at over 90% capacities, while MDF units are at 100%. The particleboard unit is operating at 110% capacity. Some improvements in the particleboard units were made recently, the benefits of which are expected to be visible in Q4 results of Century Ply.

The plywood manufacturer has already hiked the prices across categories like plywood and laminates, MDF and particle board on the back of increased raw material costs–chemicals and timber–as well as higher shipping and freight charges. Hikes vary between 2% to 10%, depending on categories.

Image


Also read: Debris to “zero-waste” homes

With an improvement in demand in the post-Covid era, Century Plyboards is planning a Rs 650 crore capital expenditure (capex), its largest in recent times, over the next two years. The company will add a greenfield plant, medium-density fibreboard (MDF) unit in South India at an estimated cost of Rs 450 crore. The unit is expected to be operational by financial year (FY) 2023. Details of the state where the unit would come up and its capacity are yet to be finalised. The other aspect is related to brownfield expansion. The company is ramping up capacities at its MDF plant at Hoshiarpur in Punjab by 67% (from 600 cu m per day to 1,000 cu m per day) at an estimated cost of Rs 200 crore. Commercial production will start in the next 12 months. Check wood prices in India here According to the company, nearly 80% of the capex will be funded through internal accruals, and 20% would be through debt.Make in Steel 202124 February Click for event info4th Indian Cement Review Conference 202117-18 March Click for event info Currently, the company’s plywood and laminate units operate at over 90% capacities, while MDF units are at 100%. The particleboard unit is operating at 110% capacity. Some improvements in the particleboard units were made recently, the benefits of which are expected to be visible in Q4 results of Century Ply. The plywood manufacturer has already hiked the prices across categories like plywood and laminates, MDF and particle board on the back of increased raw material costs–chemicals and timber–as well as higher shipping and freight charges. Hikes vary between 2% to 10%, depending on categories. Image Also read: Debris to “zero-waste” homes

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?