Greenlam Industries said its wholly owned subsidiary Greenlam Ltd has commenced commercial production of chipboard at its manufacturing facility in Naidupeta, Andhra Pradesh.

"We are pleased to inform you that, Greenlam Limited, a wholly owned subsidiary of Greenlam Industries Limited, has commenced commercial production of chipboard at its manufacturing facility located in Naidupeta, Andhra Pradesh with effect from January 23, 2025," Greenlam Industries said in a regulatory filing.

The facility has an installed production capacity of 2,92,380 cubic meters per annum and is expected to generate annual revenue of up to Rs 750 crore at full capacity utilisation.

The total capital expenditure incurred for the chipboard project amounts to approximately Rs 735 crore as of the commencement of production.

"The said manufacturing facility has an installed production capacity of 2,92,380 cubic meters per annum and has the potential to generate revenue up to Rs 750 crore annually at full capacity utilization. The total capital expenditure incurred for the Chipboard project is approximately Rs 735 crore as of the commencement of commercial production," it added