Greenply plywood expansion plans of Rs 125 crore will add 15 million square metres of plywood capacity in Uttar Pradesh through subsidiary Greenply Sandila Private Limited. Greenply Industries announced the plan alongside its Q2 FY27 results, as reported by Whalesbook on 29 October 2026.
The company reported consolidated revenue of Rs 799.69 crore and consolidated profit of Rs 42.73 crore for the quarter, up from Rs 15.98 crore in the year-ago quarter.
What Does the Greenply Sandila Expansion Involve?
The Rs 125 crore project is expected to be operational by Q4 FY28, with an initial investment of Rs 30 crore. Funding will come from internal accruals, bank term loans and equity infusion from the holding company.
What This Means for the Furniture and Interiors Supply Chain
Plywood is a core input for furniture, kitchens and interiors. Added capacity in Uttar Pradesh would increase supply of the material for manufacturers in the region. The source does not give a demand outlook or product-mix details for the new capacity.
Other Board Items
M/s. MSKA & Associates LLP has been appointed as auditor for a five-year term starting in 2027. At the 37th Annual General Meeting, shareholders will vote on the auditor transition and revised managerial remuneration.
Market Reaction and Industry Response
No share-price reaction, analyst comment or trade-body response was found in the source reviewed, and the article contains no direct quotes from company executives.
What Happens Next?
The expansion is targeted for operation by Q4 FY28, and the 37th AGM will take up the auditor change and managerial remuneration resolutions.
Frequently Asked Questions
How much is Greenply investing in the plywood expansion?
Rs 125 crore, to add 15 million square metres of plywood capacity in Uttar Pradesh at Greenply Sandila Private Limited.
When will the new capacity be operational?
It is expected to be operational by Q4 FY28.
What were Greenply’s Q2 FY27 results?
Consolidated revenue was Rs 799.69 crore and consolidated profit was Rs 42.73 crore, versus Rs 15.98 crore a year earlier.
Source: Whalesbook, 29 October 2026.
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