Andhra Paper Ltd Approves Capital Investment of Rs. 178 Crores for Paper Machine Upgradation

Andhra Paper Ltd has approved a capital investment of up to Rs. 178 crores for the upgradation and rebuild of Paper Machine-3 at its Rajahmundry manufacturing facility. This investment is expected to yield an incremental production of up to 60 TPD. The proposed capacity addition is 60%, and the period within which the proposed capacity is to be added is 13 months. The rationale behind this addition is that it is in the core area of operations.