Andhra Paper has received approval for capital expenditure amounting to Rs 400 crore to re-build and upgrade the existing Pulp plant to improve the reliability and efficiency of the Pulp Mill. This will help sustain the current levels of production, improve efficiency in Pulp Mill processes and lend flexibility in operations, augment pulp production capacity from existing 550 Tonnes per day to 600 Tonnes per day. The expected completion timeline is November 30, 2023. The proposal shall be funded through mix of debt and internal accruals. The board of directors at its meeting held on August 26, 2022 approved the same.
Andhra Paper is one of the largest integrated paper and pulp manufacturers in India.
