Greenpanel Industries’ board approves capital expenditure projects at MDF plants
31st Dec 2020

Greenpanel Industries’ board has approved the capital expenditure projects at its MDF Plants situated at Rudrapur (Uttarakhand) and Chittoor (Andhra Pradesh) to enhance the productivity and efficiency and to generate Solar Power. The installation of Wax Emulsion System will cost Rs 26 crore and the installation of Mat Heating System will cost Rs 29 crore. The capital expenditure shall be funded through a mix of internal accruals and debts. The Board of Directors of the Company, at its meeting held on December 30, 2020 has approved the same.

Greenpanel Industries, previously known as Green Panelmax, is the largest producer of MDF in the country. It is India's largest manufacturer of wood panels.