In an interview with CNBC-TV18, Shobhan Mittal, Joint MD of Greenply said that the plywood division is functioning at 116 percent and medium density fibreboard (MDF) is at 109 percent capacity.
In an interview to CNBC-TV18, Shobhan Mittal, Joint MD of Greenply Industries spoke about raising fund via qualified institutional placement (QIP) and the plan ahead.
The anti-dumping duty is in the range of USD 14.7-64.35 per cubic metre for fibre board with thickness of 6 mm and above, said Shobhan Mittal, Joint MD, Greenply Industries.
The company will grow 12-15 percent both in volumes and revenues in medium-density fibreboard (MDF) for FY17, says Shobhan Mittal, Joint MD, Greenply Industries. Â
The company will increase capacity utilisation to 115 percent from 100 percent with product mix and better products, says Shobhan Mittal, Joint MD, Greenply Industries.
Shobhan Mittal, Joint MD Of Greenply Industries expects the company to rise by 100 basis points (bps) on the margins front this year.
Shobhan Mittal, Joint MD, Greenply Industries, discusses company's performance for the fourth quarter and future outlook.