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Andhra Paper gets nod for capital expenditure of Rs 400 crore for pulp mill

27 Aug 2022 Evaluate

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.

Andhra Paper Share Price

67.85 -0.36 (-0.53%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
JK Paper 375.20
TN Newsprints 140.05
West Coast Paper 492.00
Emami Paper Mills 75.24
Seshasayee Paper 270.95
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