Andhra plant to be operational soon; 25% price hike this year so far: Greenpanel Industries

Greenpanel Industries’ Andhra Pradesh plant should be operational in a few days, V Venkatramani, chief financial officer (CFO), told CNBC-TV18.

“Expansion at the Uttarakhand plant has been completed and currently we are doing the same exercise at the Andhra plant and it should be completed in a couple of days, and hopefully after 10-15 days testing period, we should have both the plants running at optimal capacity utilization,” he said.

Speaking about the Uttarakhand plant, Venkatramani said that the medium-density fibreboard (MDF) plant was not operational for 43 days due to debottlenecking and an unplanned shutdown because of the breakdown of the refiner component.