Greenply installs India's First EvoFuge 360 Steam Recovery System, Pioneering Sustainable MDF Manufacturing

Following the record-breaking launch of its state-of-the-art MDF plant at Vadodara, Greenply Industries Ltd. has once again raised the bar for innovation and sustainability in the Indian MDF industry. Greenply Industries Ltd. now proudly announces the successful installation of the EvoFuge 360 Steam Recovery System - making it the first of its kind in the Indian subcontinent.

This cutting-edge technology represents a significant milestone in Greenply's journey toward energyefficient and environmentally responsible manufacturing. The EvoFuge 360 guarantees a minimum reduction of 25% in steam consumption within the refining process, contributing to a substantial decrease in the plant's overall carbon footprint.

"We are proud to lead the way in sustainable manufacturing practices," said Sanidhya Mittal, Joint Managing Director, Green ply Industries Ltd. "The installation of the EvoFuge 360 system is expected to reduce our biomass requirement, aligning perfectly with our long-term sustainability goals. It's a meaningful step toward creating a greener future and making the world a better place to live."

The initiative highlights Greenply's forward-looking strategy to invest in advanced technologies that not only improve operational efficiency but also promote responsible use of natural resources. As the MDF industry continues to evolve, Greenply remains committed to driving positive change and setting new benchmarks for sustainable manufacturing in India.

Shares of Greenply Industries Limited was last trading in BSE at Rs. 270.70 as compared to the previous close of Rs. 288.75. The total number of shares traded during the day was 13602 in over 837 trades.

The stock hit an intraday high of Rs. 289.45 and intraday low of 268.50. The net turnover during the day was Rs. 3791120.00.

Source : Equity Bulls

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GreenplyIndustries INE461C01038 FirstEvoFuge360 SteamRecoverySystem MDFIndustry