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Last Updated : Sep 12, 2019 11:11 AM IST | Source: Moneycontrol.com

Greenlam Industries jumps 7% on expansion of laminates manufacturing capacity

With this expansion, the installed capacity for laminates has become 15.62 million laminate sheets per annum

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Shares of Greenlam Industries rallied 7 percent intraday on September 12 after the manufacturing capacity of laminates was expanded.

The company expanded its manufacturing capacity of laminates at Nalagarh unit, Himachal Pradesh, to manufacture additional 1.6 million laminates sheets per annum.

Now the expanded capacity is operational, it said.

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With this expansion, the installed capacity for laminates has become 15.62 million laminate sheets per annum, it added.

Greenlam said the expansion has the potential to generate revenue of Rs 125 crore per annum on full capacity utilisation.

The stock rallied more than 13 percent in last one month. It was quoting at Rs 789.45, up Rs 39.45, or 5.26 percent on the BSE at 1046 hours.

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First Published on Sep 12, 2019 11:11 am
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