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

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..