Century Plyboards to export MDF to West & South-East Asia

Century Plyboards to invest INR 2,000 crore on capacity expansion

Century Plyboards (India) has announced plans to invest nearly INR 2,000 crore over the next three years in expanding its laminates, MDF, and particle board capacities. With this expansion, the company aims to increase its turnover from INR 3,000 crore in FY22 to INR 5,000 crore by FY26, with greenfield projects accounting for the majority of the expansion.

To achieve its goals, the company intends to commission additional MDF plants, investing more than INR 600 crore by the second quarter of 2023-24. It also intends to establish a new greenfield particle board project in Tamil Na..

Century Plyboards looks to triple MDF capacity to 1,800 cubic m

Century Plyboards is looking to triple its medium-density fiberboard (MDF) capacity to 1,800 cubic metre from the current 600 cubic metre per day by way of both greenfield and brownfield projects at a total estimated investment of almost Rs 850 crore.

India's Largest Wood and Laminates Companies

One of India's oldest businesses is plywood and laminates. However, there are still a lot of unorganized participants in it. There are few significant companies in the sector due to variables such as clustering manufacturing facilities and environmental conditions influencing the production line. The business is now worth roughly Rs. 22,500 crore, although unorganized companies account for the majority of this. There are a few brands available; however, they are primarily targeted at urban regions.

With the increase in urbanization and enhancement in lifestyle and standard of liv..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..