Anyone has any idea why greenply is doing capex for mdf when they have demerged an entity separately for MDF (greenpanel)
greenply industries, greenLam and greenpanel are three different companies owned different folks in family
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Investors who chose Greenply over Greenpanel: What was/is your reason?
Most of the parameters seem to support Greenpanel. Even in the plywood business (which is supposed to Greenply’s strength), the Average Realisation (₹/Sqm) for GPly has been lower than GPanel (250ish v/s over 260ish).
Have been impressed to see how GPly has been able to complete MDF capex in < 2 years (GPanel takes 2 to 3 years). But other than that, I do not find much quantitative reasons.