Greenlam Industries Ltd has earlier announced regarding setting up of greenfield project at Naidupeta, Andhra Pradesh, for manufacturing of 3.50 million laminate sheets/boards per annum by Greenlam South Limited, a wholly-owned subsidiary of the Company, with an estimated investment of Rs. 225 Crore.
The said manufacturing facility has commenced commercial production w.e.f. September 29, 2023. On consolidated basis, the said manufacturing facility has potential to generate revenue of Rs. 600 Crore per annum on full capacity utilization. Consequent to the above commercialization, the installed capacity of the Company for manufacturing of laminates has increased from 21.02 million laminate sheets per annum to 24.52 million laminate sheets/ boards per annum on consolidated basis. The total capex incurred for the project stands at Rs. 239 Crore approx till commencement of the commercial production.
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