Greenpanel Industries announced that due to delay in import of component of refiner from Sweden, the estimated time for repair of refiner, as informed earlier, has been extended. The normal operation of MDF Plant at Rudrapur is expected to be resumed by 16 December 2021.

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Greenpanel Industries announced that the manufacturing operations at Company's MDF Plant situated at Rudrapur, Uttarakhand has been temporarily suspended on 25 November 2021 due to breakdown ofcomponent of refiner. Estimated time for repair / replacement of the above component and resumption of normal operations is 7-10 days

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Greenpanel Industries announced that the manufacturing operations at company's MDF plant situated at Rudrapur, Uttarakhand, which was temporarily closed w.e.f. 11 November 2021, has resumed after installation of Mat Heating System w.e.f. 24 November 2021.

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The manufacturing operations at the company's MDF plant at Rudrapur in Uttarakhand was temporarily closed from 11 November 2021 for installation of mat heating system.

The mat heating system was installed to speed up the production process and increase the capacity utilization.

In its previous announcement on 11 November 2021, Greenpanel Industries informed that the installation of mat heating system was likely to cost about Rs 8-10 crore. It would increase production capacity of the MDF plant from 1,80,000 cubic meters (CBM) to revised 2,16,000 CBM (approximately) per annum.

On a consolidated basis, Greenpanel Industries' net profit surged 264.60% to Rs 67.05 crore on 87.76% increase in net sales to Rs 422.22 crore in Q2 September 2021 over Q2 September 2020.

Greenpanel is India's largest manufacturer of wood panels. Its manufacturing plants in Uttarakhand and Andhra Pradesh make top-quality medium density fibreboard (MDF), plywood, veneers, flooring and doors.

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