Greenply Industries enters MDF business with Rs 548 cr investment

05 Aug 2021 CW Team

Plywood manufacturing company Green Industries has marked its entry into the Medium Density Fiber (MDF) boards business. The company will be setting up a greenfield manufacturing plant at an estimated price of Rs 548 crore in Vadodara, Gujarat.

The company's board of directors announced the acquisition of Baahu Panels as an entirely-owned subsidiary for this purpose.

The plant would have a revenue potential of Rs 600-650 crore per annum with an installed capacity of 800 cubic meters (CBM) per day at its peak utilisation. The plant is predicted to commence operations by Q4FY23.

The company plans to produce all products sub-categories of MDF, covering thick and thin, pre-lam and other value-added products in a phased manner.

Manoj Tulsian, CEO & JMD, told the media that with the change in consumer demand in the current scenario, the MDF industry is anticipated to multiply due to its versatile application, and that this trend is here to continue and that this investment would help them capitalise on this long-term opportunity and establish our leadership in the untapped western market.

The company recorded a combined net profit of Rs 4 crore in Q1 FY22, unlike a loss of Rs 11.3 crore in a similar quarter last year. Its overall revenue stands at Rs 262.85 crore in the quarter of April-June 2021.

Its combined debt to the equity ratio is at 0.42 as of June 30, 2021.

Image Source

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..