Greenply Industries Limited has informed the Exchange regarding a press release dated April 07, 2025, titled "Greenply Installs India s First EvoFuge 360 Steam Recovery System, Pioneering Sustainable MDF Manufacturing".
GREENPLY · price
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Greenply Industries has announced the installation of India's first EvoFuge 360 Steam Recovery System at its MDF (Medium-Density Fiberboard) manufacturing facility. The system is designed to recover and reuse steam during production, reducing energy waste and lowering the plant's environmental footprint. This is being positioned as a pioneering step in sustainable MDF manufacturing in India. The move aligns with the company's broader focus on green manufacturing practices and ESG goals. No specific financial figures or cost savings estimates were disclosed in the filing.
This is a positive operational and ESG milestone that could improve energy efficiency and lower long-term production costs, though the immediate financial impact is likely modest. It strengthens Greenply's brand as a sustainability leader in the Indian wood panel industry, which may appeal to environmentally conscious buyers and institutional investors.