Management aims to commission new MDF facility by July, 2018 Greenply Industries (GIL) is setting up a new MDF facility in Andhra Pradesh with a capacity of 360,000 CBM entailing a capex of | 750 crore (already spent | 530 crore till Q2FY18). Construction is in full swing while the management is aiming to commission the plant three months ahead of schedule in July, 2018. It plans to operate the plant at 60% capacity utilisation in FY19E. The new plant will cater to southern demand (30% of GIL's MDF sales). The company would export the remaining portion. It is...