Greenlam Industries : Surges Over 3% Commences Commercial Production

Laminates manufacturing company Greenlam Industries traded over 3% on BSE at Rs 847.50 per share on the pre-lunch session of Monday’s trade. The company has commenced commercial production of the expanded capacity of laminates at Nalagarh, Himachal Pradesh to manufacture additional 2 million laminates sheets per annum.

With this expansion, the installed capacity for laminates has become 14.02 million laminate sheets per annum.The expansion has the potential to generate revenue of Rs 120.00 crore p.a. on full capacity utilisation. n NSE, the stock attracted a traded volume of 7887 shares and a traded value of Rs 65.12lakhs. On a yearly basis, the stock has outperformed BSE FMCG index and underperformed BSE Small-cap index. 
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