Rushil Decor Shares Up 9% On Vizag MDF Plant Receives Green Building Certification

On Thursday, the shares of Rushil Décor opened at Rs 360.45 apiece and clocked an intraday gain of 9.86% at Rs 396. The rally in the stock price was witnessed after Rushil Décor announced that its new MDF board plant located at Visakhapatnam, Andhra Pradesh has been certified as a Green Building by the Indian Green Building Council (IGBC).

In order to achieve this green certification, the company's Visakhapatnam manufacturing unit implemented a number of environmentally beneficial practices, such as rainwater harvesting system, waste water treatment, energy conservation, using recycled and environment-friendly materials, reducing carbon footprints among others.

"We are proud to have achieved IGBC Green Building certification for our new MDF board plant in Andhra Pradesh," said Rushil Thakkar, Director of Rushil Décor. "This green certification recognizes the facility's green measures that resulted in reducing water consumption by 30% and energy consumption by 40%. These reductions translate directly into cost savings, fostering operational efficiency and competitiveness.

The green certification not only elevates our reputation but also paves the way for expanded business opportunities, greater market presence and ultimately, heightened profitability. As a responsible corporate, we give paramount importance to our ESG program and continuously work towards the same," he added.

This 26-acre plant has building and energy management technologies installed to improve energy efficiency. The factory's unitary air conditioners and building ventilation and air conditioning (HVAC) equipment are equipped with completely CFC-free refrigerants. Moreover, it features a rainwater harvesting system that can collect up to 50% of rainwater. The heat island effect is lessened by the site's heat-resistant roofing.

The Andhra Pradesh government has extended an incentive that would refund half of the expenses paid for capital expenditures that include components for green measures as specified in the 2015-20 Industrial Development Policy. In order to maximise the financial benefits and promptly improve operational quality, boost market presence, and provide long-term value to its investors and shareholders, Rushil Décor will make the most of this incentive.