Thursday, December 19, 2024 | 05:41 PM ISTEN Hindi

Home / Markets / News / Greenpanel hits new high on capex plan; stock zooms 160% in 3 months

Greenpanel hits new high on capex plan; stock zooms 160% in 3 months

The company's board approved capital expenditure (capex) of Rs 55 crore at its medium-density fibreboard (MDF) plants for better productivity and cost-efficiency

Premium

The company would fund capital expenditure through a mix of internal accruals and debts

SI Reporter Mumbai

2 min read Last Updated : Dec 31 2020 | 1:10 PM IST

Shares of Greenpanel Industries were locked in the 5 per cent upper limit band at Rs 128, also their new high, on the BSE in Thursday's session after the company's board approved capital expenditure (capex) of Rs 55 crore at its medium-density fibreboard (MDF) plants for better productivity and cost-efficiency.

"The board approved the capital expenditure at its MDF plants situated at Rudrapur (Uttarakhand) and Chittoor (Andhra Pradesh) for better productivity and cost-efficiency," Greenpanel said in a BSE filing. READ HERE

The company said it will spend Rs 29 crore for installation of mat heating system

Topics : Buzzing stocks Greenpanel Industries Markets Capex Stocks in focus

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in