Production start delayed to Q3 FY27 from earlier Q2 FY27 target
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Glen Industries has pushed back the start of commercial production at its new project to Q3 of FY 2026-27, from the earlier revised target of Q2 FY 2026-27. The original plan was Q4 FY 2025-26. Delays are due to West Bengal elections and the SIR process slowing building plan approvals from Zila Parishad, the onset of monsoon, and delays in sanctioning of power. Project status: land conversion and piling completed, foundation work expected by end of July 2026, PEB contract awarded, and machinery orders placed except a few short-delivery items for paper cups.
Another quarter delay in revenue from the new project. Earnings contribution pushed back, though no financial quantum disclosed.