ANDHRA PAPER LIMITED has informed the Exchange about the clarification on production loss of per day lockout period at kadiyam unit
ANDHRAPAP · price
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Andhra Paper Limited has clarified that the production loss at its Kadiam Unit in East Godavari, Andhra Pradesh, is 220 MT per day due to a lockout declared from May 1, 2026. The company initially reported 70 MT per day loss during a strike by contract workmen, but corrected this after the lockout halted all production. The lockout was declared to safeguard employees, plant, and machinery following an illegal strike. No physical damage to assets was reported, and insurable assets are adequately covered.
The full production shutdown at Kadiam Unit will significantly impact daily output until operations resume, affecting revenue and potentially putting pressure on stock price in the near term.