N R Agarwal Industries announces strategic shifts.

It's investing Rs. 1200 Cr in a new Multilayer Board plant (Unit VI) with 1000 TPD capacity, expected in ~4 years, aligning with core business growth.

Concurrently, Unit IV (Duplex Board Plant), already non-operational, is being permanently closed due to non-viable operations.

This unit contributed Rs. 47.95 Cr (2.89% of turnover) last fiscal.

The move aims to optimize future operations.