Century Plyboards to Establish New Manufacturing Unit in Odisha for Plywood and Particle Board
Century Plyboards (India) Limited announced a proposal to establish a new manufacturing facility in the state of Odisha. The move aims to significantly expand the company's capacity for producing Plywood and Particle Board.The proposal was reviewed by the company's Board of Directors during a meeting held on May 22, 2026. The new unit will focus on manufacturing Plywood and Particle Board products.
The company detailed the operational expansion plans, investments, and timelines in a report outlining the proposed manufacturing setup.
Proposed Manufacturing Details
The expansion details for the Plywood and Particle Board units are summarized below, comparing existing capacities with proposed additions:| Particulars | Plywood | Particle Board |
|---|---|---|
| Existing Consolidated Capacity (as on 31 st March, 2026) | 406800 CBM per year | 240000 CBM per year |
| Existing Capacity Utilization (FY 25-26) | 94% | 67% |
| Proposed Capacity Addition | Phase-1: 60000 CBM per year, Phase-2: 60000 CBM per year | 240000 CBM per year |
| Period for Capacity Addition | Phase-1: Q1 FY 2029-30, Phase-2: Q1 FY 2030-31 | Q1 FY 2031-32 |
| Investment Required | Phase-1: Approx. Rs. 230 Crores, Phase-2: Approx. Rs. 140 Crores | Approx. Rs. 500 Crores |
| Mode of Financing | Debt and Equity | Debt and Equity |
| Rationale for Expansion | Increasing demand; Proximity to principal source of raw material; Availability of man-power; Proximity to large customer base | Increasing demand; Proximity to principal source of raw material; Availability of man-power; Proximity to large customer base |
The planned capacity expansion for Plywood is structured across two phases. The total investment required for the Plywood unit is approximately Rs. 370 Crores (Phase-1 and Phase-2), while the Particle Board unit requires an investment of approximately Rs. 500 Crores. Both facilities plan to be financed through a combination of debt and equity.
The rationale supporting this major expansion highlights increasing market demand, the availability of a large customer base, and the strategic benefits offered by the unit's location near principal sources of raw materials and adequate manpower.
CENTURYPLY Stock Price Movement
On Friday, Century Plyboards (India) Limited shares edged higher to close at ₹766.65, having gained 0.45% for the session. The stock saw robust activity, finishing on a total traded volume of 70,869 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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