ANDHRA PAPER LIMITED has informed the Exchange about strikes/lockouts/disturbances
ANDHRAPAP · price
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Andhra Paper Limited has informed the stock exchanges that operations at its Rajahmundry manufacturing unit in East Godavari, Andhra Pradesh, have been disrupted due to an illegal strike called by workers' trade unions starting July 6, 2025. The workers are demanding a higher wage revision in the upcoming wage settlement. The company is in discussions with the trade unions to resolve the matter amicably. Production loss is estimated at approximately 520 MT per day during the strike, though the company has stated there is no expected loss and all assets are covered by insurance.
Short-term production disruption of around 520 MT per day at the Rajahmundry unit, which may impact revenue until the strike is resolved. However, the company has indicated no material financial loss and all assets remain insured, limiting long-term risk for shareholders. The stock may see some negative pressure until clarity on the duration of the strike emerges.