Greenply Industries Invests ₹30 Cr in Subsidiary for Capacity Expansion

Greenply Industries Limited announced that its Board of Directors has approved a further investment of up to INR 30 crores in its wholly-owned subsidiary, Greenply Sandila Private Limited (GSPL). This investment, to be made in one or more tranches, will fund the proposed expansion of GSPL's manufacturing capacity for plywood and allied products at its unit in Sandila, Uttar Pradesh. The company anticipates that near-term demand for these products will exceed current available capacity. GSPL is engaged in manufacturing, trading, and marketing of Plywood, Doors, Block Boards, Veneer, and allied products. The investment is expected to be completed by Q4 of FY 2028.