Business Update2 May 2026, 04:00 pm
Andhra Paper declares lockout at Kadiyam Unit
AI Summary
Andhra Paper Ltd has declared a lockout at its Kadiyam Unit effective May 1, 2026, due to an illegal strike by contract workmen since April 27, 2026. The management's appeals to end the strike were disregarded, leading to production losses. The lockout will remain in effect until further notice. The estimated production loss is 70 MT per day. The company has adequately covered all insurable assets.
Key Highlights
- Lockout declared at Kadiyam Unit effective May 1, 2026, due to illegal strike.
- Strike by contract workmen demanding higher wages/benefits.
- Estimated production loss of 70 MT per day due to the strike.
- All insurable assets are adequately covered by insurance.
- Management's appeals to end strike were disregarded.