Plywood maker Greenply bets on asset light model for growth
The company has decided to enter into multiple joint ventures (JVs) with regional manufacturers across India for an assured supply of finished products.
Sustainable building materials needed to redefine living conditions in cities
The immediate future requires more usage of green and sustainab...
Savitri Woods forays into Kerala
The maker of Wigwam brand of plywood has a good presence in North India but has limited share in the souther...
Slowdown in demand is only temporary: Keshav Bhajanka, Century Plyboards
"For the next whole year, we would be looking at plywood margins of closer to 14-15 per cent."
CenturyPly manufacturing units become solar powered
The company has also started drawing power from group captive wind mill for the Chennai unit, which is another step towards sustainable green energy.
Laminate, plywood stocks rally on hope of GST boost
It is anticipated that GST would ensure organised players have an edge over unorganised manufacturers of ply and laminates.
All guns blazing, DefExpo left with jetsam of trash in wake
A month ago, this was the venue of DefExpo 2018, the center of attraction for defence and allied industries, drawing people from across the world.
Hit hard by 28% GST slab, say producers
"Majority of the plywood manufacturers have a turnover below Rs 1.5 cr. We were selling plywood made of rubber wood to dealers outside the state at 2% central sales tax against C form."
Anti-dumping duty puts plywood stocks in limelight
Anti-dumping duty on plain MDF Board — known as customwood or craft-wood — will be levied on boards having a thickness of 6mm or above and will be valid for five years.
We have seen improvement coming back in the plywood division: V Venkataramani, Greenply Industries
"While we are still not very confident on top line growth over the next few quarters but we see a strong recovery happening from the fourth quarter onwards."
How to spot multibaggers in this market? Porinju offers a formula
Porinju says prudent investors will make big money outside Nifty and Sensex baskets.
Market Now: Silicon Valley, Ruby Cables among stocks that fell over 5%
In the Nifty pack, 28 stocks were trading in green, while 22 stocks were in red.
Market Now: Stocks that fell over 5%
The Nifty index was trading 24.25 points down at 9593.9 in the afternoon trade.
Market Now: Jindal Worldwide surged 20% in Wednesday's trade
Domestic equity index BSE Sensex was trading 15.47 points down at 31088.02 around the same time.
Market Now: Top stocks that fell over 5%
In the Nifty pack, 18 stocks were trading in green, while 33 stocks were in red around the same time.
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