Greenlam Industries Limited has announced a significant brownfield expansion of its laminate manufacturing capacity at the Naidupeta Plant in Andhra Pradesh. The company's Board of Directors has approved the addition of 2 million sheets per annum to its existing capacity of 24.52 million sheets, which is currently operating at a high utilization rate of 96% as of Q2 FY 2026. This strategic move aims to meet the increasing demands in both domestic and global markets, reflecting Greenlam's commitment to growth and responsiveness to market trends.

The expansion will involve an investment of Rupees 70 Crores, which will be financed through internal accruals and financial support from Greenlam Industries Limited. The expansion project is set to be completed by the fourth quarter of FY 2027, positioning the company to enhance its competitive edge in the laminate sector. The decision underscores Greenlam's confidence in the ongoing demand for laminates, which is expected to thrive amid growing construction and interior design markets.

This announcement was communicated to the stock exchanges in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and adherence to regulatory guidelines. Greenlam Industries is listed on both BSE and NSE, with the respective codes 538979 and GREENLAM. As the company prepares to scale its operations, industry stakeholders will be closely monitoring its progress and performance in the evolving market landscape.