Interior Infrastructure Company Greenply Industries Gains 3 Percent

Shital Jibhe / 09 Jun 2017

Interior Infrastructure Company Greenply Industries Gains 3 Percent

India's largest interior infrastructure company, Greenply Industries, rallied by nearly 3% during Friday’s trading session as their overseas subsidiary in Gabon, West Africa started commercial production of Veneer.

India's largest interior infrastructure company, Greenply Industries, rallied by nearly 3% during Friday’s trading session as their overseas subsidiary in Gabon, West Africa started commercial production of Veneer.

Greenply Gabon SA has commenced commercial production of Veneer at its manufacturing unit at Nkok SEZ, Gabon, West Africa, the company informed in its BSE filing.

Greenply Industries is engaged in the business of manufacturing plywood, block board, decorative laminates, decorative veneers, medium density fiberboards (MDF) and allied products through its factories at various locations. 
Delivering 17% returns in a period of one year, the stock on the NSE has underperformed the BSE Small Cap and BSE FMCG indices over the same time span.

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