NRAILBSENR Agarwal Industries LtdMediumNeutral
Announced Tue, 12 May · 19:19 IST

Update on new Multilayer Board Plant (Unit VI)

Capex & Operations View source PDF

NRAIL · price

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Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹476.10
prior close
₹500.00
base price
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AI summary

N R Agarwal Industries has upgraded the capacity of its upcoming multilayer board plant (Unit VI) at Dahej, Gujarat. The paper machine capacity is being increased from 1,020 TPD to 1,500 TPD (approximately 42,000 MT per month). The company has appointed a foreign consultant for project execution and initiated the environmental clearance process. The estimated project cost has been revised to approximately ₹1,500 Crores, with land requirement revised to approximately 150 acres. This follows earlier intimations from July and December 2025.

Likely market impact

The significant capacity upgrade and higher capital outlay indicate a major expansion that could drive future revenue growth, though it increases the company's capital expenditure commitments. Shareholders should monitor execution timelines and funding plans.