HGIL to set up greenfield project for plywood in Tamil Nadu

18 Dec 2021 CW Team

Himalaya Granites Industries Limited (HGIL) has approved the proposal to set up a greenfield project for manufacturing plywood and allied products in Tindivanam, Tamil Nadu.

The proposed capacity for the project is 18.9 million sq m. The project is expected to be commissioned by the fourth quarter (Q4) of FY22-23.

The company told the media that the greenfield project requires an investment of Rs 125 crore, which will be raised through debt and financial support from Greenlam Industries Limited.

Its new capacity will meet the growing demand in the domestic market.

The company has also approved the shifting of the registered office from Tamil Nadu to Delhi National Capital Territory (NCT) and changes in Clause II of the Memorandum of Association (MoA), subject to the approval of the board members by special resolution and other necessary approvals needed by the company.

Image Source

Also read: Greenply Industries enters MDF business with Rs 548 cr investment

Infrastructure Transport

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..